Off-Market Condo at 604 S Washington Sq, Philadelphia, PA 19106
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604 S Washington Sq, Philadelphia, PA 19106

Unit - #1715

$315,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $111 per day and long-term for an average of $1,905 per month, based on similar listings in the area. Estimated short-term cap rate of -0.1%. Estimated long-term cap rate of -3.5%. Beautifully updated one bedroom on a high floor of Hopkinson House with a private balcony and see-forever views. Enter condominium 1715 through a sun-soaked great room with a coat closet, beautiful open kitchen, generously sized living and dining space, and hardwood floors. The room is washed in natural light from oversized windows and provides access to the private balcony, perfect for sipping your morning coffee, with views spanning from the Delaware River over South Philadelphia to Center City. The fully updated, custom kitchen features dark wood cabinetry, light granite countertops, stainless steel appliances including a French door refrigerator, stone tile backsplash, a breakfast bar, and tile floor. The generously sized bedroom is showered in light from another oversized window and has three wall closets all with custom built-ins. Adjacent is the fully updated bathroom with a large modern vanity with glass top, matching medicine cabinet, glass enclosed walk-in shower with custom tilework, and a tile floor. There is a large walk-in closet across from the bedroom with built-in shelving and incredible storage space (it is even large enough to be used as a home office). Additional highlights include recessed lights in the kitchen and bathroom and baseboard molding throughout. Residents of Hopkinson House enjoy a 24-hour doorman and on-site management. There is a seasonal rooftop pool with see-forever city views and valet parking in the building for an additional fee, subject to availability. Hopkinson House is located on the center of Washington Square, steps from world class dining, shopping and historic sites.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$812
Rental Policy
daily
Yearly Taxes
$4157
Bedrooms
1
Bathrooms
1
SQFT
778
Furnished
N/A
Year built
1973
Listing Status
Off Market
MLS
PAPH2441534

Short-term Rental Potential
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$33,756

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$404

Price/SQFT

Long-term Rental Potential
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$22,860

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,905/mo

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