Philadelphia, PA 19121,1501 N BAILEY ST
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Philadelphia, PA 19121,1501 N BAILEY ST
Philadelphia, PA 19121,1501 N BAILEY ST
Philadelphia, PA 19121,1501 N BAILEY ST
Philadelphia, PA 19121,1501 N BAILEY ST

$1,175,000

Est. payment /mo

$1,250,000

6.0%
Est.Price: ?

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1501 N BAILEY ST Philadelphia, PA 19121

5,500 SqFt

SOLD DATE : 12/29/2020

Key Details

Sold Price $1,175,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $213

Subdivision Brewerytown

MLS Listing ID PAPH940856

Sold Date 12/29/20

Style Straight Thru

HOA Y/N N

Abv Grd Liv Area 5,500

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $3,130

Tax Year 2020

Lot Size 1,575 Sqft

Acres 0.04

Lot Dimensions 18.00 x 87.50

Property Description

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!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Rooms

Basement Full

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplaces Number 4

Fireplace Y

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 291361505

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Jason L Rabinovich • BHHS Fox & Roach-Center City Walnut
Bought with Haralabos Kiziroglou • Long & Foster Real Estate, Inc.

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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