38-40 Cherry St Medford, MA
$1,150,000
Beds 6
Baths 2
Square Feet 2,630
Acres 0.09
Description
Meticulously maintained Medford 2-family with lots of updates by the current owner that still offers an opportunity for upside improvements. Both units have had regular updates, including recently refinished hardwood floors, regular paint updates, and updated kitchens and baths. Both units are currently rented under leases, making it a great investment property with an opportunity for future owner-occupancy. The walk-up heated attic provides a great opportunity for expanding the 2nd-floor unit. Electric was updated to 200amp, boilers were done in the early 2000s, and water heaters were recently replaced. The roof was done in 2008. Mini splits were added to unit 2 in 2020, and 1st floor windows have just been updated.
Listed by Thompson Realty, Jamie Thompson
Details
MLS 73536452
Status Active
Price $1,150,000
DOM 24 days
Type Multi-Family
Beds 6
Baths 2 full baths
Square Feet 2,630 sqft
Lot Size 0.09 acres
Year Built 1920
Lot & Building Features
Appliances Microwave, Dishwasher, Refrigerator, Range
Construction Frame
Sewer Public Sewer
Tax Year 2026
Taxes Paid $9,173
Water Public
Foundation Block, Stone
Exterior Features Garden, Rain Gutters
Interior Features Dining Room, Living Room, Kitchen
Roof Shingle
Full Baths 2
Parking Tandem, Paved Drive, Off Street
Total Rooms 14
Basement Feature Walk-Out Access, Full
Garage Spaces 0
Map
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.