Boston is a beautiful, prestigious and charming city. Draped with skyscrapers, the best in higher education, gorgeous luxury high rise condos and apartments, dynamic colonial homes, and lush walkways surrounding out state’s capitol, Boston is one of the finest cities on East Coast. With this being said, luxury comes at a cost, a pretty high cost. When looking to purchase property, Boston is a great place to invest. Unfortunately, if you are not prepared to spend more than $1 Million, you can forget about living in Boston Proper… unless you are willing to invest in a parking space.
Parking spaces are in just as high demand as homes for sale in Boston Proper. The ratio to homes to available parking for residences of Boston is not equal at all. There are not enough street or deeded parking spaces for residences, let alone for visitors. Many who own property in Boston realize quickly that purchasing or renting a parking space is very beneficial. There are parking spaces Downtown, The Theatre District, Chinatown, South and Back Bay renting for an average of $350 per month, and increasing in rental value every year. These exact spaces are also being sold anywhere between $50,000 and $400,000.
Imagine, investing in a parking space, in Boston Proper and it paying for itself anywhere from 10 – 30 years. That’s a wide ranging investment scale that goes from good to not good at all! However if you do find a deal, the best part of owning a parking space versus a home is there is very little maintenance, if any at all. There aren’t any pipes that’ll burst to worry about, and you’ll never be without a tenant. As long as there are busting businesses, schools and visitors of the city, you’ll always have a consumer. Consider the benefits of owning a parking space in the City of Boston, and check out our website at bostonparkingspaces.com today to view our listings and your next investment.
Bostonparkingspaces.com is Boston’s leading and premiere parking rental and sales website committed to providing excellent service. We specialize in providing listings of non-commercial parking spaces throughout Massachusetts. We work with individual owners who have excess parking spaces in prime locations and are looking to rent and sell. If you are looking to invest in a parking space or list a parking space, please visit bostonparkingspaces.com and buy or rent out your space tomorrow!