1501 N Bailey St - Apartments FOR SALE


Philadelphia, PA 19121- Brewerytown
$1,100,000 USD
610-606-1095
1501 N Bailey St, Philadelphia, PA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/1
null | 6.63% Cap Rate

1501 N Bailey St
Philadelphia, PA 19121
Brewerytown


OVERVIEW

Located just off Athletic Square Park and Brewerytown Garden, this cash-flowing quadplex presents a 6.63% pro forma cap rate with four (4) high-design apartments in the coveted Brewerytown submarket of Philadelphia, Pennsylvania — a Top-10 USA MSA. Complete with private patios and skyline roofdecks for outdoor enjoyment in a bucolic urban setting — walkable to prime amenities — this 4-storey multifamily property carries a full 10-yr tax abatement through 2029 with minimal OPEX and rental upside. Nine (9) total bedrooms (three 2bd x 2.5ba units, one 3bd x 2.5ba unit) throughout the ±5,000 SF apartment building. Easy access to Girard Avenue's bevy of shops, bars, restaurants, cafes, breweries and bruncheries — as well as Fairmount Park, the largest urban park in America. Easily accessible to Philly's iconic Boathouse Row, Schuylkill River Trail and Museums District. Convenient to Center City and University City and all major roadways throughout the Philadelphia MSA. Purchase this prime real estate investment in a fast-growing submarket experiencing above-average rent growth and start building your portfolio today.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

6.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park-side Quadplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

RM1

APN/PARCEL ID

291361505

ASK ABOUT THIS PROPERTY

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610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.