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Regular Contributor
Posts: 50
Registered: ‎03-11-2008
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investment property

I am looking for an investment property in the South Shore. About 400K - 500K range, as close to the water as possible. Ideally water views, but proximity is the more key factor. What are the nice towns that I can get good value for money at?

 

Also, I saw an aprtment for 250K in Weymouth - is that considered South Shore? Sorry to come across as ignorant, I live in Newton and don't get down there much.

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Posts: 581
Registered: ‎06-02-2010
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Re: investment property

Yes, Weymouth would be considered the South Shore.

In proximity to the water - are you looking for view? swimmable beach? elevation of any kind?

 

Least expensive towns with waterfront real estate just south would be Quincy, Weymouth, Hull and then further down towards plymouth.

 

There is a lot to consider in these towns . . . is commute a factor? Schools (for rental value)? transit?

 

You might want to take a drive down 3A, out towards nantasket, etc. . . . get a feel for the towns, the culture, the landscape. I think it would be pretty telling, and it is a nice drive on a warm day.

Kelcey Morange, NMLS 85965
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Regular Contributor
Posts: 50
Registered: ‎03-11-2008
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Re: investment property

Thank you, and my apologies for taking a few days in acknowledging your response. 

 

You are asking me questions that I should think through. I am not looking to live there anytime soon, and was looking for something I could buy, use the rent to pay off the full or partial mortage and basically build an asset. Holistiacally, a place that I would not mind downsizing to years from now. 

 

So key criteria would be an educated town populace, somewhat of an attractive local downtown. Swimmable beach would be nice, perhaps not a must have. 

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Regular Contributor
Posts: 50
Registered: ‎03-11-2008
0

Re: investment property

And yes, a view is more important to me than a swimmable beach. Pardon y ignorance, I am not sure I understand the relevance of "elevation"?