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.
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Last Updated: October 15th, 2024 at 6:48am
Walk/jog Trails
Conservation Area
Highway Access
House Of Worship
Public School
Shopping
Golf
Park
Medical Facility
Bike Path
Public Transportation
T-station
University
General Information for 40 Summer St, Bridgewater, Massachusetts 02324
Property TypeResidential Income
Property Sub TypeMulti Family
Price$2,400,000
Price per sqft$293.87
MLS #73300707
Handicap Access / FeaturesNo
List Date2024-10-10
Special Listing ConditionsNo
StateMassachusetts
Street NameSummer St
CityBridgewater
Zip Code02324
CountyPlymouth
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total8167
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress40 Summer St, Bridgewater MA 02324
Zoning
Interior Features for 40 Summer St, Bridgewater, Massachusetts 02324
* Approx. Living Area Total8,167 sq ft
Living Area Includes BasementNo
Bedrooms11
* # Fireplaces0
Bathrooms (Total)12
Full Baths11
* # Half Baths2
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_4
MLSPIN_GRE$76,342
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_21
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 40 Summer St, Bridgewater, Massachusetts 02324
* Approximate Lot Size0.98 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces22
* Sewer Utilities
* Water Utilities
* Year Built1938
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsOther
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)42,688 Sqft
Disclosures for 40 Summer St, Bridgewater, Massachusetts 02324
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 40 Summer St, Bridgewater, Massachusetts 02324
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$220,740
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_22
MLSPIN_LEVELS_32
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT11875
MLSPIN_RENT22000
MLSPIN_RENT32200
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$144,398
OperatingExpense$76,342
OriginalListPrice$2,400,000
RENT_FEE_INCLUDESHot Water), Unit 1(water, Unit 2(water, Unit 3(water
TOTAL_RENT18395
WaterSewerExpense$0
Lifestyle Information for 40 Summer St, Bridgewater, Massachusetts 02324
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 40 Summer St, Bridgewater, Massachusetts 02324
Elementary School
Middle School
High School
NumberOfUnitsTotal10
Marketing History for 40 Summer St, Bridgewater, Massachusetts 02324
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 40 Summer St, Bridgewater, Massachusetts 02324