40 Summer St Bridgewater, MA

$2,400,000
Beds 11
Baths 12
Square Feet 8,167
Acres 0.98
Photo of 40 Summer St Bridgewater MA 02324




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.


Listed by Horvath & Tremblay, Jason Kulik

Details

MLS 73300707
Status Pending
Price $2,400,000
DOM 64 days
Type Multi-Family
Beds 11
Total Baths 11 full, 2 half baths
Square Feet 8,167 sqft
Lot Size 0.98 acres
Year Built 1938

Lot & Building Features

Appliances Dryer, Washer
Cooling Other
Sewer Public Sewer
Tax Year 2024
Taxes Paid $19,770
Water Public
Foundation Other
Roof Rubber, Shingle
Full Baths 11
Half Baths 2
Parking Off Street
Total Rooms 31
Garage Spaces 0

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.