Buying a two- or three-family home in Brockton.
What to verify before you count on rental income to help with the mortgage.
Why buyers consider multifamily
Living in one unit and renting the others can offset housing costs. Brockton has many older two- and three-family homes, which makes this a common path for owner-occupants.
Confirm the legal unit count
Check the city’s records for the legal number of units and the permit history. A finished attic or basement apartment may not be a legal unit.
Review leases and rents
Ask for current leases, rent amounts, security deposit records, and who pays which utilities. Massachusetts has specific rules on deposits and tenant rights, so get professional advice before you close.
Plan for landlord costs
Budget for vacancy, repairs, required inspections, insurance for rental property, and safety upgrades such as smoke and carbon monoxide detectors.
General information only, not legal or financial advice.