Property Description

*** INVESTOR ALERT *** BUILDER ALERT*** This property features a profitable triplex in very good condition situated on a large lot that can be subdivided to allow for construction of 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 the 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). Bridgeport is conveniently located between King of Prussia and Norristown with easy access to Routes 476, 422, 202, 76, Turnpike and more. For commuters to Philadelphia, Septa's high speed rail line is just 1 block away. The triplex is in very good condition (inside and outside) and is profitable despite the owner having kept rents low for the long-time tenants. Contains two 1 bedroom apartments and one very large 3 bedroom apartment. Net income schedule for the triplex and seller's disclosure will be provided to serious prospects upon request. 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. ***** This property is also listed in MLS under the "Multi-Family" category (MLS # PAMC2171966). Please see that listing for additional information regarding the triplex and additional interior pictures. *****

Property Features

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