Courtesy of: Jason Cohen, Compass, jason@dcbuysell.com
Courtesy of: Jason Cohen, Compass, jason@dcbuysell.com
$1,395,000
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8 bed
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6.00 Bath (6 Full Bath)
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Lot: 0.03 Acres
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Townhouse
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$1,395,000
705 KENYON STREET NW Welcome to your cash-flowing oasis in the heart of a vibrant mixed-use neighborhood! This versatile multi-family property, located in the coveted Mixed-Use zone (NMU-4GA), offers endless possibilities for investors and entrepreneurs alike. With a total gross revenue of $141, 000 in 2023, this property boasts a proven track record of profitability. Comprising of 2 - 3 bedroom, 2 bathroom units and 1 - 2 bedroom, 2-bathroom unit. The current owner has invested in all the furniture, necessary tools and systems that make this property a hassle-free turn-key short-term rental. Operating expenses are kept impressively low at just $25, 000, maximizing your net income potential. Plus, with the option to build an additional level, the sky's the limit when it comes to expanding the rental income. For those looking to tap into the lucrative short-term rental market, this property is a goldmine. In 2023 alone, it was booked for a total of 257 nights, boasting an impressive average occupancy rate of 77% during peak travel seasons from March through August. Garnering an average review rating of 4.73% on Airbnb, this property is a favorite among discerning travelers seeking a home-away-from-home experience in Washington D.C. Whether you're interested in multi-family living, short-term rentals, or exploring the retail and office potential of this mixed-use zone, this property offers unparalleled flexibility and opportunity.
Courtesy of: Jason Cohen, Compass, jason@dcbuysell.com
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