Buying multi-family homes for sale in Boston may have crossed your mind if you want to diversify your financial portfolio or purchase your first home. After all, more and more first-time homebuyers are thinking about taking this route to become homeowners. The appeal is straightforward: you’ll accumulate equity and your incoming rents will help subsidize your mortgage payments.
Examine your finances carefully and see a mortgage expert if you need assistance determining whether you should invest in a Boston multi-family property. Check out a few of the Boston multifamily properties that are now for sale in the interim. Each of our listings has a mortgage calculator tool built in that you may use to obtain an approximate monthly payment.
(Monthly payments are estimated with a 20% down payment and rate of 7%.)
Approximate Monthly Mortgage Payment: $4,250
Square Footage: 2,610 SF
This wide, sunny two-family home in Uphams Corner/historic Jones Hill neighborhood is a rare find. It has five bedrooms, and recent updates include a new roof and a two-year-old heating system. The property is priced to sell, but does require some repairs. Fantastic corner location at Jerome and Cushing Avenue! Though it needs some renovation, it will be delivered unoccupied at closing, so renovations can start ASAP.
Listing courtesy of Seller’s Representative:
Approximate Monthly Mortgage Payment: $4,653
Square Footage: 2,492 SF
This two-family home is an excellent option for an investor, developer, or owner-occupant looking to purchase in a growing neighborhood and make it their own. It is situated on a large corner lot. Unit 1 has two bedrooms and one bathroom. Unit 2 consists of two stories, four bedrooms, and two bathrooms. A unique cast iron gate encloses the front and side yards, one vehicle garage, two more parking places, and other outside features. Other features include a spacious unfinished basement and a fireplace. The Uphams Corner T Station is extremely close by,…