Lowell Condos

Known for being the home of the University of Massachusetts Lowell and Middlesex Community College, this city is placed within the Merrimack Valley. Located within Middlesex County, this thriving, suburban city is actually the fourth biggest city in the state. As a part of the Boston metropolitan area, this beautiful town is a popular choice among commuters.

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While this city is close to Boston and major destinations in the area, residents will find relatively low prices. Currently, the median price for a home in the city is at $243,000. The average price per square foot is an affordable $178. During the last year, the average price per square foot actually increased by 5 percent. Because of the desirability of this area, this trend of growing prices is likely to continue.

Enjoy a Beautiful Location

Spanning 14.5 square miles in size, this town is bordered by the several smaller towns. Dracut is to the north of town, and Tewksbury is placed to the southeast. While Chelmsford is located on the southwestern border of town, Tyngsborough can be found to the northwest of the town. Billerica is located on the town's the southern border.

Within this growing metropolis, residents will find eight major neighborhoods. This city is divided into the communities of Highlands, Belvidere, South Lowell, Downtown, Pawtucketville, Centralville, the Acre and Back Central. By population size, the largest neighborhood is the Highlands. For urban condos and a convenient lifestyle, residents can check out Belvidere Hill, Downtown and Back Central.

Why Investing in These Units Is a Good Choice

There are many advantages to owning this type of property. While some people buy these units as just a real estate investment, they can also become a permanent home or rental. Since residents own the home, they can customize it according to their personal tastes. Unlike an apartment building, residents can enjoy equity growth from their monthly housing costs.

Many people buy these units because of their unique amenities and location. Often, developers will put these units in desirable locations to attract buyers. Because of this, many residents are able to walk to work or to the nearest public transportation stop. In addition, these units are designed with convenient features like fitness centers. While each complex offers different amenities, residents will generally find that their association fee covers costs like snow removal, landscaping and exterior maintenance.

These homes are popular investments because they are often cheaper to buy than a stand-alone home. Residents do not have to spend the time or effort repairing the exterior of the building. In addition, these units can be rented out to tenants if the resident decides to move. The unit can be used by the resident, rented out or sold for a profit. No matter what, the resident can enjoy taking part in the real estate market as they develop equity in their new home.

The Types of Options Available

Within this town, there are housing options for nearly everyone. From simple studios to spacious penthouses, residents will find units available in any different sizes. The larger penthouse units often include amenities like exclusive elevator access, and they may take up an entire floor in the building. Meanwhile, the simple studios are designed with a shared living room and bedroom. These units tend to be the least expensive option, but there are also several more expensive studios available in luxury complexes.

Depending on what the buyer is looking for, they may want to check out the brownstones or duplexes in the area. Townhouses are a popular option because they feel like a single-family home without the added cost or maintenance requirements. For unusual architecture, residents can check out converted warehouses and mansions that have been transformed into modern, multi-family living spaces.

Finding the right property in your budget is not always simple. Whether you are looking to buy, sell or list your house, Boston City Properties can help you get started. To find out how we can help with your real estate investment, call or email us today.

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