Any story about Cambridgeport ROI; The People and Place make it so, has got to start in Cambridge, MA itself. Home for people from every nation, creed, political persuasion, and passion have gathered and lived here since before the Revolutionary war. Investors have been profiting here since 1632.Cambridge is a place that attracts the best students, intellectuals, scientists and business people since its beginnings. Harvard, MIT, Boston University are all within walking distance ofCambridgeport. Land and buildings have always been a premium here. With people coming and going from schools and startups on a yearly basis there is always need for quality rental apartments. While the price of entry is high, not only measured in cost, but availability of quality properties, it is well worth it on multiple levels.
Each investor has his sweet spot. How much they want to spend of a property, the type of property, the condition, but it always boils down to the ROI. What is my return on a property and over what time frame? Rental property is perpetually in demand inCambridgeport. Good rental property in a safe area is even more desired. Because of this ongoing and continuing demand for great rental property the price continues it’s upward climb and it also allows the Landlord to push off the professional renting of the properties commission to the tenant. In Boston, Cambridge and many other communities the tenant pays the commission for the agent. There is no reason for a Investor-Landlord to have to worry about getting the right tenants who are fully reviewed. A licensed Realtor® is proven to be your best protection and best return.
The ROI on multi-family investment leveraged as rental units is measured in the quality and quantity of the tenants. Cambridgeport’s location betweenHarvard, MIT and Boston University, especially if yourinvestment also included a parking garage with more off street parking is highly sought after. Investors in MultiFamily units in Cambridge have the distinction of having had tenants who become the next “FaceBook Guy”, or the“Microsoft Guy”, (they lived in the neighborhood). What makes Cambridgeport ROI so rewarding is the people and the history of Cambridge.
Many Thanks to the Cambridge Historical Society and their Facebook pages for such great information to share. I love the Photos, which are from the Cambridge Historical Society FaceBook Page.