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INVESTMENT HIGHLIGHTS
- Located in the Fairmount section of Philadelphia
- Over the past couple of years, Fairmount has experienced a tremendous amount of development.
- The site is in a very desirable area with easy access to Center City, the Art Museum and I-676.
- With new apartments and new retailers coming to the bustling commercial corridors of N. Broad St., Spring Garden St., and Fairmount Ave.
EXECUTIVE SUMMARY
MPN Realty, Inc. is pleased to present the exclusive sale of 827 Corinthian Ave., a 3-unit apartment building in the heart of Fairmount. The property was built in 2012, featuring new kitchens with stainless steel appliances, granite counters & new cabinets; tile surround baths; new flooring throughout; and all new systems. The unit mix consists of (1) 2-bed/ 2 bath unit and (2) 1 bed/ 1 bath units, all of which have a w/d in unit, outdoor areas, and are self-contained. The property is ideal for investors and owner-occupants and provides a value-add opportunity as there is room to increase the rents. Located in the Fairmount section of Philadelphia, the site is in a very desirable area with easy access to Center City, the Art Museum, I-676, and public transportation via the Broad St line and many bus routes. Over the past couple of years, Fairmount has experienced a tremendous amount of development, with new apartments and new retailers coming to the bustling commercial corridors of N. Broad St., Spring Garden St., and Fairmount Ave.
PROPERTY FACTS
| Price | $875,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| No. Units | 3 | Building Size | 2,928 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2012 |
| Zoning | RM-1 - designation indicates an area zoned for multiple-family residential use | ||
| Price | $875,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 2,928 SF |
| No. Stories | 3 |
| Year Built | 2012 |
| Zoning | RM-1 - designation indicates an area zoned for multiple-family residential use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (88)
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827 Corinthian Ave
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