40 Summer Street

Bridgewater, MA 02324

$2,400,000
Price
11
Beds
11
Baths
2
1/2 Baths
8,167 Sq. Ft.
$294 / Sq. Ft.
8,167
Sq. Ft.
$294
per Sq. Ft.

Description

The Lofts @ Summer Street (40 Summer Street) consists of a four-story building with ten (10) residential units comprised of one (1), 2-Bedroom/2-Bathroom unit, two (2), 1-Bedroom/1.5 Bathroom units, and seven (7), 1-Bedroom/1-Bathroom units. The Property is situated on a 0.98-acre parcel of land with twenty-two (22) on-site parking spaces available for tenants and guests. A transformative gut renovation of the Property was completed in 2019 where the entirety of the buildings envelope, interiors,...The Lofts @ Summer Street (40 Summer Street) consists of a four-story building with ten (10) residential units comprised of one (1), 2-Bedroom/2-Bathroom unit, two (2), 1-Bedroom/1.5 Bathroom units, and seven (7), 1-Bedroom/1-Bathroom units. The Property is situated on a 0.98-acre parcel of land with twenty-two (22) on-site parking spaces available for tenants and guests. A transformative gut renovation of the Property was completed in 2019 where the entirety of the buildings envelope, interiors, mechanicals, and fire system were updated. The building is separately metered for heat and electricity which the tenants pay directly. All units feature PTAC heating and air conditioning systems. The Landlord is responsible for common area heat and electric, hot water, and domestic water and sewer. The Lofts @ Summer Street offers the opportunity to acquire a well-located, fully leased, turn-key asset, that is poised for income growth.
  1. Listed by Jason Kulik • Horvath & Tremblay
  2. Listed by Dennis Kelleher • Horvath & Tremblay

Property Details for 40 Summer Street

Town
Bridgewater
Area
MA-Bridgewater
Garage Spaces
0
Parking Spaces
22.00
Parking Spaces Total
22
LISTING UPDATED: 10/28/2024 11:25 AM

Property Details for 40 Summer Street

StatusUnder Agreement
MLS #73300707
Days on Market18
Taxes$19,770 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1938
CountyPlymouth County

Building Information for 40 Summer Street

Stories8Residences10Year Built1938Building Size-Lot Size0.98 AC / 42,688 SF

Property Information for 40 Summer Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University
  • Living Area: 8167.0
  • SqFt with Basement: No
  • Total Units: 10
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer
  • Num of Baths: 13.0
  • Num of Full Baths: 11
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 13
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Other(See Remarks)
  • SpaYN: No
Exterior Features
  • Lot Description: Other
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Other (See Remarks)
  • Cooling: Yes
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 930537
  • Assessments: $1,628,500
  • Book: 4433
  • Tax Year: 2024
  • Zoning: CBD
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $220,740.00
  • GRE: $76,342
  • NOI: $144,398.00
  • Operating Expense: $76,342.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 2
Rental Info
Rental Info
  • Total Actual Rent: $18,395.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2

Property History for 40 Summer Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Summer Street

Taxable ValueLand$276,000Additions$1,352,500Total$1,628,500
Tax Record2024$19,770 ($1,648 / month)
Home Facts
Baths10Total Finished SqFt8,167 SqFtAbove Grade Finished SqFt8,167 SqFtUnfinished Basement SqFt372 SqFtStories3Lot Size42,563 SqFtStyleMulti-Family Res (5+ Units)Year Built1938Year Renovated1991CountyPLYMOUTHAPNBRID M:034 L:219

Schools near 40 Summer Street

This home is within Bridgewater-Raynham School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Mitchell Elementary School
PublicPK to 2

Williams Intermediate School
Public3 to 5

Bridgewater Middle School
Public6 to 8

Bridgewater-Raynham Regional
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Horvath & Tremblay, Jason Kulik; Horvath & Tremblay, Dennis Kelleher

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.