Seller's Agent in 2025
Lynda Hafner
ERA Key Realty Services- Spenc
(508) 942-7923
20 in this area
93 Total Sales
37 Cherry St Spencer, MA 01562
13
Beds
5
Baths
5,880
Sq Ft
0.26
Acres
Highlights
- City View
- Wood Flooring
- Jogging Path
- Property is near public transit
- Corner Lot
- Balcony
About This Home
As of July 2025Group 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
Home Type
- Multi-Family
Est. Annual Taxes
- $4,967
Year Built
- Built in 1840
Lot Details
- 0.26 Acre Lot
- Corner Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 5,880 Sq Ft Home
- Insulated Windows
- Insulated Doors
- Living Room
- Dining Room
- City Views
- Basement Fills Entire Space Under The House
- Oven
- Washer and Dryer Hookup
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 13 Bedrooms
- 5 Full Bathrooms
Outdoor Features
- Balcony
Location
- Property is near public transit
- Property is near schools
Schools
- Wire Village Elementary School
- Know Trail Middle School
- David Prouty High School
Utilities
- Window Unit Cooling System
- 5 Heating Zones
- Baseboard Heating
- Hot Water Heating System
Listing and Financial Details
- Total Actual Rent $5,800
- Rent includes unit 1(heat), unit 2(heat), unit 3(heat), unit 4(heat)
- Assessor Parcel Number M:00U07 B:00086 L:00000,1692581
Community Details
Overview
- 5 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
Building Details
- Insurance Expense $5,000
- Water Sewer Expense $3,000
- Operating Expense $21,400
- Net Operating Income $69,800
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | Sold | $675,000 | -6.2% | $115 / Sq Ft |
| 05/31/2025 05/31/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | For Sale | $719,900 | -- | $122 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
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-
C
Buyer's Agent in 2025
Candor Realty Group
Four Points Real Estate, LLC
(978) 710-5616
3 in this area
365 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73377329
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