358 PROSPECT, BRIDGEPORT, PA, 19405

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358 PROSPECT
BRIDGEPORT, PA 19405

Duplex|Sold
2
Beds
0
Total Baths
1,661
SqFt
1900
Built
County:
MONTGOMERY
Listing courtesy of RE/MAX Plus
Bought with Arielle K Roemer of BHHS Fox & Roach The Harper at Rittenhouse Square 2155460550
Call Now: 610-983-3045
Is this the listing for you? We can help make it yours.
610-983-3045
358 PROSPECT358 PROSPECT358 PROSPECT358 PROSPECT
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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!

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Listing Snapshot
Bedrooms 
2
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
1,661 sqft
Lot Size 
0.06 Acres
Year Built 
1900
MLS® Number 
PAMC2147740
Status 
Sold
Property Tax 
$3,136
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
General Features
Acres 
0.06
Cross Street 
HOLSTEIN
Foundation 
Other
Parking 
None
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
1661
SqFt Total 
1661
Style 
Other
Utilities 
Natural Gas AvailableElectricity Available
Water Source 
Public
Zoning 
RM1 - PLEASE VERIFY
Interior Features
Appliances 
Gas RangeGas OvenGas Water HeaterDryerFreezerRefrigeratorWasher
Basement 
Unfinished
Cooling 
NoneElectric
Flooring 
CarpetVinyl
Heating 
Natural GasRadiant
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Exterior Features
Construction Details 
Brick
Patio And Porch 
Patio
Pool Features 
None
Community Features
Community Features 
SidewalksStreet Lights
MLS Area 
Bridgeport Boro (10602)
School District 
UPPER MERION AREA
Schools
School District
UPPER MERION AREA
Elementary School
Unknown
Middle School
Unknown
High School
UPPER MERION
Neighborhood & Commute
Source: Walkscore
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