37 Cherry St, Spencer MA 01562 – 13 bed 5 bath For Sale – 73377329
Overview
- Updated On:
- May 26, 2025
-
- 73377329
- 13 Bedrooms
- 5 Bathrooms
- 2 Garage Spaces
- 8 Non-Garage Parking Spaces
- 1840
Description
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!
This property is listed by Lynda Hafner from ERA Key Realty Services- Spenc
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 719,900 |
| Living Area | 5,880.00 ft2 |
| Bedrooms | 13 |
| Total Rooms | 23 |
|---|---|
| Listing MLS ID | 73377329 |
| Days on Market | 6 |
| Bathrooms | 5 |
Unit Information
| Bedrooms | 13 |
|---|---|
| Full Bathrooms | 5 |
| Half Bathrooms | 0 |
| Cooling | Window Unit(s) |
| Heating | Hot Water,Baseboard |
| Uncovered Parking | 8 |
| Garage Parking | 2 |
| Water View | No |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | Washer Hookup,Dryer Hookup |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full |
| Patio And Porch Features | |
| Parking Features | Paved Drive,Off Street |
| Waterview Features | |
| Flooring | Wood,Carpet,Hardwood |
Building Information
| Building Name | |
|---|---|
| Units in Building | 5 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | Beach Front,Lake/Pond,3/10 to 1/2 Mile To Beach,Beach Ownership(Public) |
| Association Fee Includes | |
| Construction Materials | Frame |
| Year Built | 1840 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full |
| Roof | Shingle |
Additional Details
| Community Features | Public Transportation,Shopping,Park,Walk/Jog Trails,Laundromat,Public School |
|---|---|
| Disclosures | The figures include anticipated rental income of owners unit of $2200 per month which is market value when heat is included |
| Last Updated | 2025-05-26T02:32:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:00U07 B:00086 L:00000,1692581 |
| Original List Price | 719900 |
| Listing Office | era key realty services- spenc |
| Tax Annual Amount | 4967 |
|---|---|
| Tax Assessed Value | 423100 |
| Tax Book Number | 68549 |
| Tax Year | 2025 |
| Year Built Details | Renovated Since |
| Year Built Source | Public Records |
| Zoning | RR |
| Listing Agent | lynda hafner |
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37 Cherry St, Spencer MA 01562 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
37 Cherry St, Spencer MA 01562 – 13 bed 5 bath For Sale – 73377329
$ 719,900
Status: Active
37 Cherry St, Spencer MA 01562, Spencer, , Worcester 01562
Country: United States
Property Overview
MLS #: 73377329
Type: 5+ Family - 5+ Units Up/Down /
Action: Residential Income
Year Built: 1840 (Renovated Since, Source: Public Records, Effective: )
Living Area: 5,880.00 ft2 (Total: 5880 Square Feet, Source: Public Records)
Lot Size: 0.26 ft2 (Area: 0.26 Acres, SqFt: 11307)
Total Rooms: 23
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 13 (Main Level: )
Bathrooms: Total: 5 (Full: 5, Half: 0, Decimal: 5, Main Level: )
Basement: Full
Fireplaces: 0 ()
Flooring: Wood,Carpet,Hardwood
Laundry: Washer Hookup,Dryer Hookup
Window Features: Insulated Windows
Door Features: Insulated Doors
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame
Foundation: Stone (Area: )
Roof: Shingle
Stories: 9 (9)
Common Walls:
Body Type:
Utilities & Green Features
Heating: Hot Water,Baseboard
Cooling: Window Unit(s)
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Electric Range
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 2
Covered Spaces: 2
Parking Total: 8
Parking Features: Paved Drive,Off Street
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Corner Lot
View: City (, Waterview Y/N: No)
Waterfront: Beach Front,Lake/Pond,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Laundromat,Public School
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: Wire Village, M: Know Trail, H: David Prouty
Zoning: RR ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
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!
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 5
Units Owner Occupied:
Unit 1: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 0, Lease: N
Unit 2: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1575, Lease: N
Unit 3: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1575, Lease: N
Unit 4: Beds: 2, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1275, Lease: N
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 4967 (Year: 2025)
Tax Assessed Value: 423100
Tax Block/Lot/Book/Map: / / 68549 /
Parcel Number: M:00U07 B:00086 L:00000,1692581
Special Licenses:
Current Financing:
Gross Income: 94800 (Scheduled: )
Net Operating Income: 69800
Operating Expense: 21400 (Water/Sewer: 3000, Insurance: 5000)
Financial Data Source: Owner
APOD Available: Yes
Tenant Pays:
Rent Includes: Unit 1(Heat),Unit 2(Heat),Unit 3(Heat),Unit 4(Heat)
Total Actual Rent: 5800
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Lynda Hafner (MLS ID: CN216125) / Team:
Listing Office: ERA Key Realty Services- Spenc (MLS ID: K95257)
Agent (Property): 369593
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-05-19
Expiration Date: 1900-01-01
Original List Price: 719900
Price Per SqFt (List): 122.43
Market Time (Property): 6 (Broker: 6, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Gps close to Rt 9 and Spencer center
Disclosures: The figures include anticipated rental income of owners unit of $2200 per month which is market value when heat is included, Y
Lead Paint: Unknown
Title 5:
Exclusions: Tenants Personal Property
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag: 1
Listing Alert: No
Square Feet Disclosures: Apartment is owner occupied but could receive 2200 -2500 rent due to having heat included. 2p (Incl. Base: No, Other: )
Master Book/Page: / (Page: 342)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 2198939
Modification Timestamp: 2025-05-26T02:32:00.000Z
Bridge Modification Timestamp: 2025-05-26T02:32:53.279Z
Original Entry Timestamp: 2025-05-19T19:45:00.000Z
Status Change Timestamp: 2025-05-19T19:45:00.000Z
Off Market Date:
Development Status:
Business Type:
