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Updated over 10 years ago,

User Stats

264
Posts
104
Votes
Jim Sestito
  • Investor
  • Cambridge, MA
104
Votes |
264
Posts

How Close is TOO close to the Train?

Jim Sestito
  • Investor
  • Cambridge, MA
Posted

Hi Guys,

I am thinking of making an offer on a 2 Family home in Massachusetts that is directly across the street from the train station.  This is the Boston to Providence commuter rail.  The commuter rail runs (during weekdays) from about 5:45 AM to 9 PM.

- How do you guys think prospective tenants would feel about this situation?  

- The rental history for this property is tough to come by because the current owner has been there for a long time and has always owner occupied while renting to his sister in the other unit.

- All the neighboring multi-family houses are currently rented and there are no vacancies within a 5 mile radius (based on craigslist research).

- On the plus side if your a train commuter you have a 30 second morning commute and do not need to own a car.  On the down side - your going to have the commuter rail schedule memorized in no time without needing to look at an actual schedule! 

- Side note - I will be owner occupying this house and have lived near (not this close) to a train before and didn't mind it.

Any input / experiences would be great appreciated!

Jim 

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