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You are here:
Home Massachusetts Bridgewater Multi-Family Homes for Sale

40 Summer St Bridgewater, MA 02324

11 Days on Boston Pads
14 Photos
$2,400,000
10 Unit
11 Beds
13 Baths
8167 SQFT
0.98 Acre
40 Summer St
Bridgewater, MA 02324

Property 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, 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.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 10
  • Total Floors: 8
  • Total Bedrooms: 11
  • Total Full Baths: 11
  • Total Half Baths: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, University, Walk/Jog Trails
  • Common Appliances: Dryer, Washer

Financial

  • APOD Available: Yes
  • Gross Operating Income: 220740
  • Gross Expenses: 76342
  • Net Operating Income: 144398

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 2

Unit 3 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 2

Construction

  • Year Built: 1938
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73300707
  • Last Updated: 10/14/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/14/2024Active$2,400,000$294MLSPIN
10/10/2024New$2,400,000$294MLSPIN

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Map & Resources

Bridgewater State University

University

0.06mi

Burnell Laboratory School

University

0.22mi

Bridgewater State University

University

0.27mi

Williams Intermediate School

Public Elementary School, Grades: 3-5

0.54mi

Bridgewater Middle School

Public Middle School, Grades: 6-8

0.62mi

Therapeutic Day School

Public Secondary School, Grades: 5-12

0.65mi

Greyhound Tavern

Restaurant

0.14mi

Greyhound Tavern

Restaurant

0.15mi

Bridgewater Fire Department

Fire Station

0.17mi

Bridgewater State University Police

Police

0.7mi

Bridgewater Police Dept

Local Police

0.79mi

Town High Yard

Municipal Park

0.22mi

Stiles & Hart Conservation Area

Municipal Park

0.26mi

Hogg Farm

Private Park

0.74mi

Central Square Park (Town Common)

Municipal Park

0.15mi

Legion Field

Municipal Park

0.39mi

Stanley Iron Works Park

Park

0.88mi

Waterford Village Driving Range

Golf Course

0.79mi

Santander

Bank

0.1mi

Bridgewater Savings Bank

Bank

0.17mi

Lucky Star Gas

Gas Station

0.14mi

Cumberland Farms

Gas Station

0.19mi

Maxwell Library

Library

0.2mi

Bridgewater Public Library

Library

0.25mi

CVS Pharmacy

Pharmacy

0.08mi

Walgreens

Pharmacy

0.12mi

Cumberland Farms

Convenience

0.18mi

Roche Bros.

Supermarket

0.34mi

Seller's Representative: Jason Kulik, Horvath & Tremblay
MLS ID#: 73300707

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-14 03:05:00