1501 N Bailey St

Philadelphia PA 19121

5000 sq. ft.

1575 sq. ft.

Duplex

Currently for sale - view listing

Overview

Located just off Athletic Square Park and Brewerytown Garden, this cash-flowing quadplex presents a 7.3% 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.

Features

9 bedrooms

5000 sq. ft. floor area

1575 sq. ft. lot size

Duplex

Property history for 1501 N Bailey St

2020

Sold

$1,175,000

29 Dec 2020 by Jason Rabinovich, of BHHS Fox & Roach-Center City Walnut

2017

Sold

$270,000

14 Apr 2017 by Jafar Maleki

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