Sold
37 Cherry St, Spencer, MA
Spencer · MA 01562
- $675,000
- Price
- 13
- Beds
- 5
- Baths
- 5880
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1840
Units:
5 Units
Lot size:
0.26 Acre Lot
Price per square foot:
$122 / Sq.Ft
Parking:
2 Garage Spaces · 8 Off Street Spaces
About this home
Group showing Thurs 5/29 530 pm Welcome investors to this high-performing five family property consisting of 2 connected buildings that is currently owner occupied, but owners apartment market value at $2200 per month. A rare and lucrative opportunity for savvy investors! Featuring a profitable mix of spacious three bedroom and two bedroom apartments, this income producing gem offers, immediate cash flow from well paying tenants and long-term value. Most units have been extensively updated interiorly, many with fresh flooring, and paint, with many beautiful hardwoods .Tenants enjoy generous layouts, abundant natural light , historical charm and details and off street parking. Exterior was recently renovated and freshly painted, almost all new windows. 3 units have their own wash/ dry hookups for added desirability. Tenants can enjoy the convenience of being within walking distance to the bus, and all the local shopping .Great storage available in the garage. Recent roof!
Neighborhood & Transit
37 Cherry St, Spencer · MA 01562
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 512 days
- Listing Price:
- $719,900
- Price per Sq.Ft:
- $122
- Tax Assessment:
- $423,100 in 2025
- Taxes:
- $414 / Monthly
Home Facts
Interior Features
- Bedrooms
- 13
- Full Bathrooms
- 5
- Half Bathrooms
- 0
- Living Area
- 5,880 Sq.Ft
- Broker Disclosure about Living Area
- Apartment is owner occupied but could receive 2200 -2500 rent due to having heat included. 2p
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 5880
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 11,307 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 2 Parking Spaces
- Off Street Parking
- 8 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Aluminum
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Lynda Hafner
- Listing office
- ERA Key Realty Services- Spenc
- MLS PIN #
- 73377329
- Disclosure
- The figures include anticipated rental income of owners unit of $2200 per month which is market value when heat is included
- Disclosure
- Apartment is owner occupied but could receive 2200 -2500 rent due to having heat included. 2p