Off-Market Condo at 219 S 18th St, Philadelphia, PA 19103
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219 S 18th St, Philadelphia, PA 19103

Unit - #821

$319,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $167 per day and long-term for an average of $1,848 per month, based on similar listings in the area. Estimated short-term cap rate of 2.8%. Estimated long-term cap rate of -2.3%. Welcome to the highly sought-after Parc Rittenhouse located on Rittenhouse Square! This charming and well-maintained unit is freshly painted with beautiful neutral tones and features a galley kitchen equipped with stainless steel appliances and granite countertops and freshly painted cabinetry with newly installed hinges, along with an added breakfast bar that opens to the living room. The generously sized bedroom boasts new custom built-ins with a hamper designed by California Closets. The full bathroom features a tub/shower combination that has recently been refinished. Additional features include custom electric window treatments by The Shade Store, which can be controlled via an app. For your convenience, there is a washer and dryer in the unit. Residents of Parc Rittenhouse enjoy a 24-hour doorman and concierge service, a state-of-the-art fitness center, and a beautifully landscaped rooftop area on the seventh floor. This area includes an outdoor pool, whirlpool spa, kiddie pool, and a sundeck with lounge chairs. The building also offers facilities such as a boardroom and a media room. Storage spaces and parking in the building's valet parking garage are available for an additional cost, subject to availability. Parc Rittenhouse is a pet-friendly residence, allowing cats and dogs under 75 pounds. At Parc, you are only a step away from beautiful scenery and some of the city's best restaurants and retailers.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$450
Rental Policy
daily
Yearly Taxes
$3743
Bedrooms
1
Bathrooms
1
SQFT
496
Furnished
N/A
Year built
1900
Listing Status
Off Market
MLS
PAPH2450222

Short-term Rental Potential
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$38,412

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$644

Price/SQFT

Long-term Rental Potential
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$22,176

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,848/mo

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