School District: The School District Of Philadelphia
Address: 308 S QUINCE ST
Don’t 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%. Please ask the listing agent for Airbnb financials. Both listings have even been performing well, generating an excellent Airbnb history, hundreds of favorable reviews, and frequently highlighted on Philly’s 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’s 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’s 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’s main institutions. This beautiful property and its enticing location provide endless opportunities for creative utilization and investment potential. This unique gem won’t last long - schedule a tour today before it’s gone!
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Courtesy of: Homelink Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th September, 2021 2:40 AM
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