4,272 SqFt
4,272 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $140
Lot Size 8,000 Sqft
MLS Listing ID PAMC2171966
Style Colonial
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
Triplex situated on a lot that is large enough to subdivide and build additional single family home(s).
Preliminary discussions with the Bridgeport Zoning Officer and Borough Manager have determined that the Borough would almost certainly approve a subdivision to allow one detached single family home. Furthermore, consideration would also be given to detailed plans for one set of twin homes or even possibly 3 attached townhomes if existing parking is reconfigured while still meeting setback requirements.
Note that buyers and their agents should not rely on representations of sellers' and/or sellers' agent. Buyer and Buyer's agent should do their own due diligence and consult with Borough of Bridgeport Zoning Officer about allowed uses and any other zoning related questions before making any offers (or provide for a reasonable due diligence period after Sellers' acceptance of an offer to allow time to do their own investigation).
The triplex is in very good condition (inside and outside) and is profitable despite the owner having kept the rents low for the long-time tenants. Contains two 1 bedroom apartments and one very large 3 bedroom apartment. The 3 bedroom apartment is featured in the pictures from a time when it was vacant. No pictures are available for the 1 bedroom apartments as they are occupied and to preserve the tenants' privacy. Bringing the rent up to fair market value (even using conservative FMV estimates) would result in capitalization rate of at least 6.5% before taking into account the value of the buildable lot(s).
Each tenant pays for own heat, hot water, and electric.
Net income schedule for triplex and seller's disclosure will be provided to serious prospects upon request.
Bridgeport is conveniently located between King of Prussia and Norristown with easy access to Routes 476, 202, 76, Turnpike and more. For commuters to Philadelphia, Septa's high speed rail line is just 1 block away; helping to make the unites easy to rent.
Sellers prefer not to disturb tenants with an inordinate amount of showings and asks that interested buyers first visit the outside of the property to determine if the grounds might suit their desires..Then, if satisfied, a second visit can be arranged to view each apartment.
Listing agent is happy to answer any questions and to meet with buyers and their agent at the property. Feel free to contact listing agent with any questions or to schedule a visit.
Location
State PA
County Montgomery
Area Bridgeport Boro (10602)
Zoning R-2
Interior
Hot Water Natural Gas
Heating Central
Cooling None
Inclusions Refrigerators in both of the 1 bedroom apartments; Washer and dryer in the basement.
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Building
Lot Description Subdivision Possible
New Construction N
Foundation Stone
Lot Dimensions 72.00 x 111.00
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Schools
Elementary Schools Bridgeport
Middle Schools Upper Merion
High Schools Upper Merion
School District Upper Merion Area
Others
Tax Amount $5,851
Tax Year 2025
Tax ID 02-00-05896-006
Ownership Fee Simple
SqFt Source 4272
Special Sale Standard
