1,661 SqFt
1,661 SqFt
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,661 sqft
Price per Sqft $198
MLS Listing ID PAMC2147740
Style Other
Abv Grd Liv Area 1,661
Year Built 1900
Annual Tax Amount $3,136
Tax Year 2025
Lot Size 2,400 Sqft
Acres 0.06
Lot Dimensions 20.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Welcome to this charming duplex in the heart of Bridgeport, nestled within the highly sought-after Upper Merion School District. Ideally situated close to King of Prussia Mall, public transportation, thriving Conshohocken pharmaceutical companies, rapidly developing Norristown, and just a short commute to Philadelphia, this location is perfectly positioned for continued growth and convenience.
The duplex features two units: Unit 1, located on the first floor, is a comfortable 1-bedroom, 1-bath apartment with direct access to a spacious backyard and basement storage. Recently vacated after 8 years, this unit has been freshly cleared out and, with minor cosmetic updates, will easily rent for approximately $1,100/mo. Unit 2 is an updated bi-level, 2-bedroom, 1-bath apartment, currently leased through May 2026 at $1,595/mo. This unit offers abundant natural light, a spacious living and dining area, a large kitchen equipped with a gas stove, and an in-unit washer/dryer. Bedrooms are efficiently sized and connected by a large walk-through closet.
Tenants pay electricity and gas, while heating is provided via radiators (two separate boilers), and tenants supply their own window units for cooling. The owner covers water/sewer expenses and trash collection. This duplex is perfect for investors seeking stable returns, with total potential annual rent of $32,340, almost 10 GRM. With a 35% expense ratio rule of thumb, including professional property management (which is on standby for your convenience), vacancy, maitenance expenses and more we get a 6.4% CAP rate. 10 GRM and 6.4 CAP rate are amazing returns for this area. You can get 7-8% CAP and higher when self-managed. Alternatively, it's ideal for an owner-occupant looking to live in one unit while renting out the other. Eligible for FHA 203(k) financing, this property presents an excellent house-hacking opportunity for a savvy owner-occupant investor.
Don't miss out on this attractive investment opportunity in Bridgeport's thriving community!
Location
State PA
County Montgomery
Area Bridgeport Boro (10602)
Zoning RM1 - PLEASE VERIFY
Rooms
Basement Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Radiator
Cooling None
Flooring Fully Carpeted, Vinyl, Tile/Brick
Equipment Dryer, Freezer, Oven/Range - Gas, Refrigerator, Washer
Fireplace N
Appliance Dryer, Freezer, Oven/Range - Gas, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Exterior Feature Patio(s)
Utilities Available Natural Gas Available, Electric Available
Water Access N
Accessibility None
Porch Patio(s)
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Upper Merion
School District Upper Merion Area
Others
Tax ID 02-00-04620-004
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, FHA, FHA 203(k)
Listing Terms Conventional, FHA, FHA 203(k)
Financing Conventional,FHA,FHA 203(k)
Special Listing Condition Standard
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