*** INVESTOR ALERT *** BUILDER ALERT *** Triplex situated on a lot that is large enough to subdivide and build an additional single family home. 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. Parking for the existing triplex would simply need to be moved from the rear of the property to a portion of the side yard. 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. 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.
Bridgeport is located in Pennsylvania. Bridgeport, Pennsylvania has a population of 4,961. Bridgeport is less family-centric than the surrounding county with 30.3% of the households containing married families with children. The county average for households married with children is 34.89%.
The median household income in Bridgeport, Pennsylvania is $72,977. The median household income for the surrounding county is $99,361 compared to the national median of $69,021. The median age of people living in Bridgeport is 34 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 21.2 degrees. The average rainfall is approximately 46.9 inches per year, with 16.6 inches of snow per year.
