USAPABridgeportNone Available358 Prospect Ave

358 Prospect Ave, Home with 0 bedrooms, 0 bathrooms and null parking in BRIDGEPORT PA | Image 1

$335,000

358 Prospect Ave, Bridgeport, PA

Name: 358 Prospect Ave, Sold in BRIDGEPORT - eXp Realty
Brand: RE/MAX Plus
SKU: PAMC2147740
Price: 329900 CAD

Real Estate

Sold

$--,---,---

$329,900

000

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 1661 sqft

Garage No

Taxes $3,136

Lot Size

Approx. Age 1900

Avg. Price Per Sqft $198

MLS® Number PAMC2147740

Property Address:

Average square foot calculated using Size range provided by listing agent.

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!Show Description

MLS® NumberPAMC2147740

Laundry Level

Central VacNo

FireplaceNo

Acreage0.06

ExteriorSidewalks, Street Lights

GarageNo

Approx. Age1900

BasementUnfinished

DrivewayNone

Garage Spaces

HeatRadiator, Natural Gas

A/CNone, Electric

Heating Fuel

Extras

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