Lowell, MA
4 Beds
2 Baths
Available: Now
*
Rent prices for units in luxury buildings change frequently subject to floor level, view, floor plan, and market conditions. Call for latest pricing.
$3,000/mo
Heat Included

Property Description

Right on UMass Lowell's North Campus. Second floor unit on the corner of University Ave and Gershom Ave, next to Tacos Lupita One level living in this spacious four bedroom/two bath apartment. Large eat-in kitchen. New kitchen approximately one year ago. One new bath and one renovated bath approximately one year ago as well. Refinished original flooring in bedrooms and living room.. Fresh paint. Small side porch off the kitchen. FHA by gas for heat, gas hot water and gas cooking. Owner is in the process of prepping the unit for occupancy and securing the certificate of lead compliance. There is no off-street parking at this location, it is street parking with a permit obtained through the city. Laundromat is next door.

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Price Comparison

This apartment is 6.25% less expensive than the average price of $3,200 for 4 bedroom apartments in Lowell. Congratulations on finding a great apartment that is below the average rent price in Lowell. Reach out to our agent to schedule a showing or request a rental application.

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:
$120,000 - $144,000
You + 3 Roommates, Each:
$30,000 - $36,000
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$4,200

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Mid Range

25% of Gross Income

$3,000

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Low Range

15% of Gross Income

$1,800

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Have You Considered Buying Your Own Home?

Instead of paying $3,000/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 6.3% interest, 20% down payment, $120/mo homeowners insurance, and the average $10.90 property tax rate in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.

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