$719,900
37 Cherry St
Spencer, MA, 01562
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!
Property Details
Price:
$719,900
MLS #:
73377329
Status:
Pending
Beds:
13
Baths:
5
Address:
37 Cherry St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Spencer
Listed Date:
May 19, 2025
State:
MA
Finished Sq Ft:
5,880
Total Sq Ft:
5,880
ZIP:
01562
Lot Size:
11,307 sqft / 0.26 acres (approx)
Year Built:
1840
Units:
5
Schools
Elementary School:
Wire Village
Middle School:
Know Trail
High School:
David Prouty
Interior
Appliances
Refrigerator, Oven
Bathrooms
5 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood, Carpet, Hardwood
Heating
Hot Water, Baseboard
Laundry Features
Washer Hookup, Dryer Hookup
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Laundromat, Public School
Construction Materials
Frame
Exterior Features
Balcony
Parking Features
Paved Drive, Off Street
Parking Spots
8
Roof
Shingle
Financial
Tax Year
2025
Taxes
$4,967
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of ERA Key Realty Services- Spenc. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
37 Cherry St
Spencer, MA
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