Westminster Village Arms

Overview

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Westminster Village is a 432-unit, garden-style affordable housing community located at 1307 Pawtucket Boulevard in Lowell, Massachusetts, overlooking the Merrimack River. The property comprises 36 three-story buildings spread across 20 acres and offers one-, two-, and three-bedroom apartments. Amenities include a swimming pool, clubhouse, computer room, laundry facilities, and a playground. Originally built in 1970 and renovated in 1995, the property was acquired by Related Affordable in 2011. Following the acquisition, a $7.6 million renovation was undertaken, featuring interior upgrades, ADA accessibility improvements, new roofs, windows, siding, landscaping enhancements, clubhouse expansion, and the addition of a computer lab. The community is managed by Related Management and maintains a high occupancy rate of 99%.

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Westminster Village Arms Location

Address: 1307 Pawtucket Blvd, Lowell, MA 01854

Phone: 978-459-6500

Website: https://www.related.com/our-company/properties/westminster-village

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About Lowell, Massachusetts

Lowell, a city located in the state of Massachusetts (MA), is home to a population of approximately 114,737 people. Lowell boasts a median age of 34.6, with around 18% of its residents aged 60 or above. 3.3% of the population identifies as US Veterans. 14.6% of Lowell residents are disabled. The city has an average household income of $73,008, while the unemployment rate stands at 5.7%, and around 16.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Lowell is $363,045, with a monthly rent averaging $1,466.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.