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308 S Quince Street

PHILADELPHIA, PA 19107
  • $770,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • ID#: PAPH2024326
Under Contract
UPDATED: 36 min ago
$770,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,760
    SQFT
  • $438
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1856
County:

School Ratings & Info

Description

Don+GGt miss out on this rare opportunity to own a masterfully furnished, turn-key DUPLEX AIRBNB investment property in the heart of Washington Square West! Each unit contains 2 bedrooms and 1 bathroom, with a modern aesthetic and top-notch renovations throughout. This stunning duplex is currently operating as short-term rental units listed on the Airbnb and VRBO platforms. The two units generate significant cash flow, you can expect gross revenue around $120000-$140000 based on 2021 revenue with a coveted cap rate of around 9%. The occupancy rate of two units from 09/2020 to 09/2021 is 92%! Please ask the listing agent for detailed Airbnb financials. Both listings have even been performing well, generating an excellent Airbnb history, hundreds of favorable reviews, and frequently highlighted on Philly+GGs Airbnb Front Page! The profitable Airbnb/VRBO accounts, along with the quality furnishings throughout the home, can all be sold separately. It could also make a fabulous addition to anyone+GGs rental portfolio. Its centralized location would appeal to long-term renters. Long-term rent potential in the range of $2000-2400 for each apt. You can keep this as Airbnb, switching to long-term rentals or living one unit and rent it out the other unit. UNIT A: is the entire first floor, it was remodeled by an interior designer and has an updated eat-in kitchen with granite countertops, breakfast bar, new dishwasher, fridge, remodeled bathroom. UNIT B is located on the entire 2nd floor with its own separate entrance on the left. The owner added an upgraded kitchen with new granite countertops, sink, dishwasher, and flooring installed earlier this year. Each apartment comes equipped with the in-unit washer/dryer and smart thermostat and smoke/CO control. Separate meters for utilities except for water, and security cameras for maximum privacy. The duplex can also be easily converted into a sprawling single-family home. This enchanting property captures the best of both worlds: a central location with easy access to the city+GGs amenities combined with the unique advantage of being tucked away on a quaint, historic, quiet block. Prime and convenient area with a lot to offer within walking distance, including Whole Foods, CVS, coffee shops, trendy restaurants, and more. This desirable region of Philly is near many cultural centers, higher education institutions, and major hospitals, including Pennsylvania Hospital and Thomas Jefferson University Hospital, making it the ideal location for tourists looking for a quick stay or professionals looking to lease an apartment near the city+GGs main institutions. This beautiful property and its enticing location provide endless opportunities for creative utilization and investment potential. This unique gem won+GGt last long - schedule a tour today before it+GGs gone!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T18:51:46.56.
www.locomusings.com/homes/120827658
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308 S Quince Street PHILADELPHIA, PA 19107

  • Price: $770,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • Updated: 36 min ago
  • ID#: PAPH2024326
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1,760
SQFT
$438
$/SQFT
1856
Built
Neighborhood:
19107 (19107)
County:
Philadelphia
Area:
19107 (19107)
School District:
The School District Of Philadelphia
Property Description
Don+GGt miss out on this rare opportunity to own a masterfully furnished, turn-key DUPLEX AIRBNB investment property in the heart of Washington Square West! Each unit contains 2 bedrooms and 1 bathroom, with a modern aesthetic and top-notch renovations throughout. This stunning duplex is currently operating as short-term rental units listed on the Airbnb and VRBO platforms. The two units generate significant cash flow, you can expect gross revenue around $120000-$140000 based on 2021 revenue with a coveted cap rate of around 9%. The occupancy rate of two units from 09/2020 to 09/2021 is 92%! Please ask the listing agent for detailed Airbnb financials. Both listings have even been performing well, generating an excellent Airbnb history, hundreds of favorable reviews, and frequently highlighted on Philly+GGs Airbnb Front Page! The profitable Airbnb/VRBO accounts, along with the quality furnishings throughout the home, can all be sold separately. It could also make a fabulous addition to anyone+GGs rental portfolio. Its centralized location would appeal to long-term renters. Long-term rent potential in the range of $2000-2400 for each apt. You can keep this as Airbnb, switching to long-term rentals or living one unit and rent it out the other unit. UNIT A: is the entire first floor, it was remodeled by an interior designer and has an updated eat-in kitchen with granite countertops, breakfast bar, new dishwasher, fridge, remodeled bathroom. UNIT B is located on the entire 2nd floor with its own separate entrance on the left. The owner added an upgraded kitchen with new granite countertops, sink, dishwasher, and flooring installed earlier this year. Each apartment comes equipped with the in-unit washer/dryer and smart thermostat and smoke/CO control. Separate meters for utilities except for water, and security cameras for maximum privacy. The duplex can also be easily converted into a sprawling single-family home. This enchanting property captures the best of both worlds: a central location with easy access to the city+GGs amenities combined with the unique advantage of being tucked away on a quaint, historic, quiet block. Prime and convenient area with a lot to offer within walking distance, including Whole Foods, CVS, coffee shops, trendy restaurants, and more. This desirable region of Philly is near many cultural centers, higher education institutions, and major hospitals, including Pennsylvania Hospital and Thomas Jefferson University Hospital, making it the ideal location for tourists looking for a quick stay or professionals looking to lease an apartment near the city+GGs main institutions. This beautiful property and its enticing location provide endless opportunities for creative utilization and investment potential. This unique gem won+GGt last long - schedule a tour today before it+GGs gone!
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1760 Appliances Built-In MicrowaveCooktopDishwasherDisposalDryerDryer - Front LoadingDryer - GasMicrowaveOven - SingleRefrigeratorStoveWasherWasher/Dryer Stacked Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions None Fireplace YN No Fireplaces Total 0 Flooring Wood Heating Hot Water Heating YN Yes Interior Features Breakfast Area Rooms Total 6 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished All

Property Features

Acceptable Financing CashConventionalNegotiable Accessibility Features None Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Cross Street Spruce Electric 100 Amp Service Existing Lease Type None Gross Income 120000.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Operating Expense Includes Insurance Original MLSNumber 800984981228 Owner Pays Water Ownership Interest Fee Simple Possession Negotiable Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 9164.00 Tax Assessment Amount 654700.00 Tax Lot 284 Vacation Rental YN No Water Source Public Year Built Effective 2011 Zoning Rm1

Listing courtesy of Homelink Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-29T18:51:46.56.
 
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