308 Quince St

Philadelphia, PA 19107

$770,000
Last Sold Price
4
Beds
2
Baths
1,760 Sq. Ft.
$438 / Sq. Ft.
1,760
Sq. Ft.
$438
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 11/15/21
Closed 11/15/21

Description

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...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%. 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’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!
  1. Listed by Peng Han • Homelink Realty
    P: (917)-662-1393 hanpeng10@yahoo.com

Property Details for 308 Quince Street

Tax ID Number
053127600
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Cross Street
Spruce
Municipality
PHILADELPHIA
LISTING UPDATED: 08/28/2022 11:12 AM

Property Details for 308 Quince Street

StatusClosed
MLS #PAPH2024326
Days on Market36
Taxes$9,164 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1856
Lot Size0.02 AC / 858 SF
CountyPhiladelphia County
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Location

Listing Courtesy of Homelink Realty

Sold By Homelink Realty

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Building Information for 308 Quince Street

Stories-Residences2Year Built1856Building Size-Lot Size0.02 AC / 858 SF

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OriginPoint Mortgage or Rocket Mortgage1

$4,601 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,837

Property Taxes

$764

HOA Dues

$0

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Property Information for 308 Quince Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19107 (19107)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $654,700
  • Year Assessed: 2021
  • County Tax: $0
  • Improvement Assessed Value: $458,373
  • City Town Tax: $4,136
  • Land Assessed Value: $196,327
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: U30
  • Zoning: RM1
  • Tax Lot: 284
  • School Tax: $5,029
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Water
  • Concessions: Yes
  • Concessions Amount: $27,000
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Furnished: All
  • Units Leased Count: 2
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 0
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 2
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 2
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Total Rooms: 3
Financial Information
Expenses
  • Operating Expense Includes: Insurance
Financial Information
  • Gross Income: $120,000
  • Income Includes: Other, Apartment Rentals
  • Cap Rate: 9.00
  • Existing Lease Type: None
Building Info
Building Info
  • Year Major Reno Remodel: 2011
  • Building Level Count: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 22.00 x 39.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 907020
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Breakfast Area
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Dryer - Gas, Microwave, Oven - Single, Refrigerator, Stove, Washer, Washer/Dryer Stacked
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: None chosen (Non-REALTOR/Stockholder)

Property History for 308 Quince Street

DateEvent & SourcePriceAppreciation
Nov 15, 2021

Closed (Public Record)

Public Record #1484829091

$770,000—
Nov 15, 2021

Closed

BRIGHT #PAPH2024326

$770,000—
Sep 30, 2021

Active Under Contract

BRIGHT #PAPH2024326

—
DateEvent & SourcePrice
11/15/2021

Closed (Public Record)

Public Record #1484829091

$770,000
11/15/2021

Closed

BRIGHT #PAPH2024326

$770,000
09/30/2021

Active Under Contract

BRIGHT #PAPH2024326

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 308 Quince Street

Taxable ValueLand$156,400Additions$625,600Total$782,000
Tax Record2025$10,946 ($912 / month)
Home Facts
Total Finished SqFt1,760 SqFtAbove Grade Finished SqFt1,760 SqFtStories2Lot Size858 SqFtStyleMulti-Family Res (5+ Units)Year Built1752ZoningRM1CountyPHILADELPHIAAPN05-3-1276-00

Schools near 308 Quince Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
McCall Gen George A School
Public - K to 8
Franklin Benjamin High School
Public - 9 to 12
Widener Memorial School
Public - K to 12
Middle Years Alternative School
Public - 5 to 8
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Widener Memorial School
PublicK to 12

Middle Years Alternative School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Washington Square West
Washington Square West
A historic district with bohemian character. People tend to associate the City of Brotherly Love with history and a culture of openness and tolerance—both aspects are present to the highest degree in Washington Square West. Home to both lively nightlife and lovely little, shop-packed streets that...
Washington Square West Guide

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Listing Courtesy of Homelink Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.