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705 Kenyon Street NW

WASHINGTON, DC 20010
  • $1,295,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: DCDC2133412
$1,295,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $648
    $/SQFT
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or AJ Team Realty | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
www.ajteamrealty.com/homes/148741763
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705 Kenyon Street NW WASHINGTON, DC 20010

  • Price: $1,295,000
  • Status: Active
  • On Site: 26 Days
  • ID#: DCDC2133412
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,000
SQFT
$648
$/SQFT
1950
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
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.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types None Pool No Pool Riparian Rights YN No Soil Types Chillum-Urban Land Complex Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2000 Below Grade Finished Area 0 Below Grade Unfinished Area 1000 Cooling Central A/C Fireplace YN No Heating Forced Air Heating YN Yes Rooms Total 8 Single Room Units 0 Three Bedroom Units 2 Two Bedroom Units 1 Units Furnished All

Property Features

Accessibility Features None Assessment Year 2022 Central Air YN Yes Cooling Fuel Electric Foundation Details Brick/MortarBlock Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802936743460 Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 4658.00 Tax Assessment Amount 818190.00 Tax Lot 804 Vacation Rental YN No Water Source Public Zoning NMU-4GA

Listing courtesy of Compass: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or AJ Team Realty | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
 
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