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28853285
28853305

1501 N Bailey St, Philadelphia, PA 19121

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$999,999
177 days on market
Updated 37 days ago
Opportunity zone

BREWERYTOWN QUAD

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,000
Units 4
Cap Rate 7.30%
NOI $91,200
Occupancy 100%
Price per SqFt $200
Year Built 2020
Zoning RM1

Multifamily | 4 Units | $250,000/unit

Marketing description

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.

Investment highlights

  • TURNKEY QUADPLEX
  • 7.3% CAP
  • WALKABLE TO AMENITIES
  • TOP 10 CITY FOR RENT GROWTH - PHL, PA
  • TOP DESTINATION IN WORLD TO VISIT 2026 - WSJ

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$91,200.00
$7,600.00/mo

Valuation Metrics

0
DSCR
9.12%
Cap Rate
9.12%
ROI

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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