40 Summer StreetBridgewater, MA 02324MLS Number 73300707

  • Sale Price: $2,352,000
  • 14 Days Since Sale
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Federal 30-year interest rate: 6.83% last updated on Apr 17, 2025
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40 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 0232440 Summer Street Bridgewater MA 02324
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  • 11Bedrooms
  • 0.98Acreage
  • 13Bathrooms
  • 1938Year Built

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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.
Listed by Jason Kulik of Horvath & Tremblay

Listing Sold by ESQ Realty Advisors LLC

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More Info

Basic Information

  • Gross Income $222,280
  • Lot Features Other
  • Mls StatusSold
  • Parcel Number 930537
  • Rent Includes Unit 1(Water, Hot Water), Unit 2(Water, Hot Water), Unit 3(Water, Hot Water)

Location

  • Address40 Summer Street
  • Building Number40
  • CountyPlymouth
  • StateMA
  • StreetSummer Street
  • TownBridgewater
  • Zip02324

Exterior

  • RoofShingle, Rubber

Property Information

  • Building Area Source Public Records
  • Living Area 8,167
  • Lot Size Square Feet 42,688
  • Lot Size Units Acres
  • Square Feet8,167

Tax Information

  • Tax Assessed Value $1,628,500
  • Tax Year 2024
  • Taxes$19,770

Basic Information

  • List Price$2,400,000
  • MLS Number73300707
  • Modification Date04/09/2025
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date01/27/2025
  • Sale Date04/08/2025
  • Sale Price$2,352,000

Property

  • Acreage0.98

Utilities

  • Cooling Other
  • Cooling YN Yes
  • Electric Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Other

  • Buyer Agency Compensation2
  • Date Listed10/10/2024
  • Farm Land Area Units Square Feet
  • View Count13

Parking

  • Parking Features Off Street
  • Parking Spaces22

Rooms

  • Bathroom13
  • Bathrooms Total Decimal 12
  • Bedrooms11
  • Full Bath11
  • Half Baths2

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Levels 8
  • Rooms31
  • Stories8
  • Units10
  • Year Built1938
  • Year Built Details Approximate, Renovated Since
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
    • Walk/Jog Trails
  • Appliances IncludedWasher, Dryer
  • Other AmenitiesGolf
Egan Realty Group
Egan Realty Group
Office: 781.447.2222
Whitman, MA 02882

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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.

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