Lowell Land for Sale

Within this suburban community, investors will find urban amenities and exceptionally beautiful parks. Placed within Middlesex County, this community is the fourth largest city by population in the state. It is also the second biggest city according to population in the Boston metropolitan area. While this means that there is a lot of competition for real estate properties, investors will also find plenty of customers, renters and buyers for their investment.

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Land for Sale

Renting homes is a popular investment option in the area. With the Middlesex Community College and the University of Massachusetts Lowell in the town, investors can expect to find plenty of potential tenants. Many residents choose to remain in the area after graduation, so there are a number of home buyers interested in real estate developments.

No matter what type of investment individuals are looking for, there are plenty of options within the area. Currently, the median price for a home $243,000. While the median rental price is $1,595, the average price per square foot is at $178. Compared to most of the Boston metropolitan area, this community offers significantly lower prices. For investors looking to break into the marketplace, this is a good place to search for homes.

Why Investing Is the Smart Choice

Like most of Massachusetts, real estate prices have started to rise in this city. Savvy investors can find the right property before prices reach a peak. Once investors buy their property, they can use it to create a residential development, a business or a different investment option. Since vacant lots can be difficult to find, some investors also choose to keep their lot vacant and sell it for a higher price later on.

With its convenient location and suburban appeal, this town is a popular space to live. Investors can readily find renters and home buyers for their real estate developments. In addition, the growing population can serve as a vibrant customer base for commercial enterprises. As long as investors can find the right property, they can build a variety of different developments.

The hardest part about investing in the city is finding the right lot. Vacant lots can be difficult to find, and it is important to get the right one. Boston City Properties can help you navigate the real estate market. Our professional staff members can help you search for the right property and buy your new lot. To find out how we can help, contact Boston City Properties today.

Discover a Desirable Location

Within this community, residents will find 14.5 square miles of space. Some of the properties can be found along the city's anal system, the Concord River or the Merrimack River. Around the city, residents will find the towns of Billerica, Dracut, Chelmsford, Tewksbury and Tyngsborough.

Investors will find a number of different neighborhoods that they can invest in. The main neighborhoods in the city are Centralville, Acre, Highlands, South Lowell, Back Central Downtown, Pawtucketville and Belvidere. By population, the largest neighborhood is the Highlands. This section includes nearly a quarter of the city's residents. This section is located in the southwestern side of the city. Meanwhile, Belvidere, South Lowell, Downtown and Back Central can all be found in the southeastern part of the city. Pawtucketville and Acre are both located on the northwestern side of the city.

Many Types of Developments Are Available

Within the community, investors can build a wide variety of different real estate options. At a basic level, investors can just hold onto the property while it grows in value. With vacant lots, this option requires very few ongoing costs or maintenance work. Plus, the investor can always transform the property into a business or residence if they need to.

Vacant lots can also be used to make a single-family home or business. Since rental homes are in demand within this area, many investors create apartment complexes, duplexes or townhouses that can be rented out to prospective tenants. Some investors also use their vacant lot to build an industrial site, business or shop. The only real limitation for how you can use the lot is based on how it is zoned. As long as the lot is zoned for your project and the permits are in order, you can create the exact building you need.

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Land for Sale