Three College Town Properties on the Market Now
Ready to be a landlord? Chances are, your perfect property is on the market now.
This week we showed you data suggesting college towns make good investments for landlords, because such towns constantly draw people, commerce, industry, innovation, culture and, consequently, tenants.
From the ZipRealty home search, we pulled three listings that might be good choices for someone considering a purchasing a property that can be used to generate rental income. Each property listed comes from one of the college towns we highlighted in our market analysis of college town real estate on Monday: Berkeley and Palo Alto, CA and Cambridge, MA.
Close to the best of Berkeley’s hub and to UC Berkeley is this unique live/work condo at 2430 5th Street. Part loft/part studio, the unit would make an enticing rental. The vitals:
|HOA Dues||$444 (MONTHLY)|
|Source||MAX Multiple Listing Service|
And a photo of the interior:
Palo Alto, CA
Near Stanford is 2108-2122 Williams St., a multi-unit building: specifically, six separate units. Not cheap to buy, of course, but multiple apartments=multiple sources of income, and since this building is so close to the university, the location creates a strong draw to potential tenants. The vitals (note: see the listing for bed/bath information in the Realtor’s write-up. They won’t show in the table below):
|Lot Size||10,500 Sq. Ft.|
And a photo of the exterior:
68 School St., Cambridge, MA: this is 2-level 1 bed/1 bath condo that includes an office, situated within walking distance of Cambridge’s most popular locations, including Harvard and MIT. Here are the vitals:
|Source||MLS Property Information Network, Inc.|
And where else?
Just three listings in just three potential areas, what you see here is only a taste, a teaser, of what’s out there if you’re in the market for rental property. We know America offers more than three great colleges, with great college towns to go with every one. So help us out by joining the conversation: Live near an excellent university and love your community? Know some important tips for newbie landlords in your area? Consider us your students and share your college town insight through the comments below.