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    825 Corinthian Ave Philadelphia, PA 19130

    Sponsored
    For Sale
    $1,550,000

    Prime Philadelphia multifamily, high ROI.

    Property size:
    5,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, fee-simple investment property at 825 Corinthian Ave, Philadelphia, PA 19130, presents a compelling opportunity. The 5-unit apartment building, totaling 5,280 square feet, boasts a strong 80% occupancy rate and a projected gross annual rent of $157,200. Completely renovated in 2021, the three-story building features a mix of studio, one, and two-bedroom apartments, each averaging approximately 650 square feet. The building also includes a ground-floor commercial space, adding to its versatility and income potential. Situated on a 2,062 square foot lot, the property benefits from 38 square feet of available air rights and is zoned CMX1. The current pro-forma NOI stands at $137,091, yielding an attractive 8.84% pro-forma cap rate and an 8.81% current cap rate. Conveniently located two blocks from Fairmount Avenue, a major commercial corridor in Philadelphia, the property offers easy access to amenities, schools, and transportation. Street parking is available. Importantly, there are no low-income or rent-controlled units, ensuring stable and predictable cash flow. A management company is available to oversee the building, providing further convenience for the owner. This property offers significant upside potential for appreciation, given its location and historically stable values in the area. The asking price is $1,550,000.

    Property Features for 825 Corinthian Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,280 SF
    Class
    A

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    3
    Units
    5

    HighLights

    • Owner‑occupied multifamily property.
    • $157,200 projected annual gross rent, all units occupied.
    • Five‑unit building with a mix of studio, one-, and two‑bedroom apartments.
    • Average unit size approximately 650 square feet, bi‑level units available.
    • Street parking; no rent control or low‑income restrictions.
    • Two blocks from Fairmount Avenue, a major Philadelphia commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.170834980443
    Latitude
    39.970259660167

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    FAQs

    What type of property is this?
    Multifamily property - Prime Philadelphia multifamily, high ROI.
    Where is this multifamily property located?
    The property is located at 825 Corinthian Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Owner-occupied multifamily property.; $157,200 projected annual gross rent, all units occupied.; Five-unit building with a mix of studio, one-, and two-bedroom apartments.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    825 Corinthian Ave Philadelphia, PA 19130
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