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1501 N BAILEY STREET

PHILADELPHIA , PA 19121

MLS#: PAPH940856

$1,250,000

Status: Closed
Listing number: PAPH940856
Listing provided by: BHHS Fox & Roach-Center City Walnut
Listing agent phone: None
Last update: 2 years ago
On site: 4 years ago
Browse Properties
BREWERYTOWN - Residential Income

Property

Beds

9

Full Baths

None

1/2 Baths

None

Year Built

2019

Sq.Footage

5,500

Welcome to 1501 N Bailey St, a large 4-unit, 5,500+ SQFT apartment building located in one of Philadelphia's hottest neighborhoods -- Brewerytown, steps away from a beautiful park and Girard Ave. This Quadplex is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ), making this a very secure investment. The seller spared no expense, as all units offer stunning finishes, an elegant fireplace, high-efficiency mechanicals, recessed lighting, gorgeous Maple hardwood flooring throughout, and large private outdoor spaces in select units. The living rooms have very high 10ft+ ceiling heights, modern kitchens with black stainless steel appliances, quartz countertops, and two-toned shaker cabinetry for a modern feel. Unit A is a 3 bedroom, 2.5 bath apartment with access to a back patio space! Unit B is a 2 bedroom, 2.5 bath with a gorgeous kitchen and accompanying island. Units C and D are both 2 bedrooms, 2.5 baths with access to individual rooftop decks, perfect for entertaining guests! Street parking is plentiful on this block, and the building is steps away from shopping, doggy daycares, other new construction homes, and much more! The proximity to Fairmount Park's greenery and great access to public transportation make this a desirable location for just about anyone! This limited investment opportunity provides a strong 7%+ cap rate on your investment, with a gross operating income of over $100k! All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, as well as washer and dryers! There is a huge development underway across the street and next door, as well as planned future developments on the same block. Currently awaiting to pull CO for anyone interested in the QOZ opportunity. For any inquiries, please contact Philly Home Advisors today!

Features & Amenities

Interior

  • Total Bedrooms

    9

  • Bathrooms

    N/A

  • Above Grade Finished Area

    5500.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Straight Thru

Price

  • Sales Price

    $1,250,000

  • Tax Amount

    3130.0

  • Sq. Footage

    5, 500

  • Price/SqFt

    $227

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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PHILADELPHIA

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Listing Courtesy of Jason L Rabinovich , BHHS Fox & Roach-Center City Walnut

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Welcome to 1501 N Bailey St, a large 4-unit, 5,500+ SQFT apartment building located in one of Philadelphia's hottest neighborhoods -- Brewerytown, steps away from a beautiful park and Girard Ave. This Quadplex is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ), making this a very secure investment. The seller spared no expense, as all units offer stunning finishes, an elegant fireplace, high-efficiency mechanicals, recessed lighting, gorgeous Maple hardwood flooring throughout, and large private outdoor spaces in select units. The living rooms have very high 10ft+ ceiling heights, modern kitchens with black stainless steel appliances, quartz countertops, and two-toned shaker cabinetry for a modern feel. Unit A is a 3 bedroom, 2.5 bath apartment with access to a back patio space! Unit B is a 2 bedroom, 2.5 bath with a gorgeous kitchen and accompanying island. Units C and D are both 2 bedrooms, 2.5 baths with access to individual rooftop decks, perfect for entertaining guests! Street parking is plentiful on this block, and the building is steps away from shopping, doggy daycares, other new construction homes, and much more! The proximity to Fairmount Park's greenery and great access to public transportation make this a desirable location for just about anyone! This limited investment opportunity provides a strong 7%+ cap rate on your investment, with a gross operating income of over $100k! All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, as well as washer and dryers! There is a huge development underway across the street and next door, as well as planned future developments on the same block. Currently awaiting to pull CO for anyone interested in the QOZ opportunity. For any inquiries, please contact Philly Home Advisors today!

1501 N BAILEY STREET

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