Attention investors! Exceptional opportunity to own a fully renovated three-family property in Cherry Valley. Extensively renovated in 2025, this property features major updates throughout, including new HVAC systems, electrical, plumbing, windows, siding, and a brand-new driveway completed approximately one month ago. All three units feature the same updated finishes and are currently rented, providing immediate rental income from day one.The property sits on an impressive 4.5-acre lot, offering plenty of space and potential for future expansion or additional development, subject to local zoning and approvals. With extensive improvements already completed, tenants in place, and additional land offering future possibilities, this is a great opportunity to add a multi-family property to your investment portfolio.Don’t miss out schedule your showing today!OPEN HOUSE: Sunday, October 4 11:00 AM–12:30 PM
TWO LOTS. TWO BUILDINGS. Exceptional opportunity in desirable Cherry Valley! The property features a spacious two-family residence with generously sized units and rental income potential. The property was previously used as three units, offering potential for additional use, subject to buyer due diligence, zoning requirements, and municipal approvals. A second large barn/garage provides additional space for storage, parking, hobbies, or other uses. Expansive off-street parking and generous green space add to the property's versatility. Both parcels are included in the sale, offering the opportunity to acquire additional land and improvements in one transaction. The property is priced competitively and offers substantial potential for an investor, owner-occupant, or buyer seeking additional space and flexibility. Potential uses and development opportunities are subject to buyer due diligence, zoning requirements, and all applicable municipal approvals. Buyers are encouraged to independently verify property boundaries, permitted uses, rental potential, zoning, and other property details. Bring your vision and explore the possibilities this unique property has to offer!
Center of town at Rt 56 and Rt.9 sits this antique beauty within the business zone. Currently three residential apartments with 4 garages. Large paved lot offers lots of parking. Two 1100 sf. single story units and a 2-3 bedroom townhouse attached that feels like single family living with full basement. Oversized walk up attic offers expansion options. Town water and sewer. Two new gas heating systems and hot water tanks just installed. Third furnace is oil aprox. 7 years old with new oil tank. Circuit breakers/4 meters. Brick exterior for minimal care. All apartments are well cared for and in great condition with ideal tenants. Rents are not market value due to family. No leases .One unit can be vacant at transfer for owner occupant. Main grand front entrance with curved staircase will impress your guests.
Leicester is located in Massachusetts. Leicester, Massachusetts has a population of 11,077. Leicester is less family-centric than the surrounding county with 26.94% of the households containing married families with children. The county average for households married with children is 31.47%.
The median household income in Leicester, Massachusetts is $83,015. The median household income for the surrounding county is $81,660 compared to the national median of $69,021. The median age of people living in Leicester is 42.7 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 14.3 degrees. The average rainfall is approximately 48.1 inches per year, with 57 inches of snow per year.
