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Map
$1,295,000
↓ $100K (7.2%)
●
Townhouse -
For Sale
705 KENYON ST NW
WASHINGTON, DC 20010
Studio
0 Bath
$6,359
Estimated Monthly
$0
HOA / Fees
About This Property
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.
Unit Size
-
Days on Market
36 days
Land Size
0.03 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
-
HOA Dues
-
Year Built
1950
Listed By
Last updated: 20 days ago (Bright MLS #DCDC2133412)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 8, 2024 | Price Decreased |
$1,295,000
↓ $100K
(7.2%)
|
|
Price Decreased | |||
Mar 28, 2024 | Price Decreased |
$1,395,000
↓ $100K
(6.7%)
|
|
Price Decreased | |||
Mar 22, 2024 | Listed by Compass | $1,495,000 | |
Listed by Compass | |||
May 1, 2013 | Sold to Dana Gilmore, David Gullick | $525,000 | |
Sold to Dana Gilmore, David Gullick |
Property Highlights
Air Conditioning
Parking Details
Parking Features: None
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Brick/Mortar, Block
Other Structures: Above Grade, Below Grade
Structure Type: Interior Row/Townhouse
Construction Materials: Brick
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Source: Assessor
Land Information
Land Assessed Value: $818,190
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $4,658
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $818,190
Tax Year: 2022
Tax Annual Amount: $4,658
Year Assessed: 2022
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$1,547,000
Jun 1, 2016
$1,547,000
Jul 22, 2016
-
Townhouse
4
Beds
4
Baths
1,880 ft²
$771/ft²
$1,450,000
Sep 7, 2023
$1,450,000
Oct 27, 2023
-
Townhouse
7
Beds
5
Baths
3,192 ft²
$464/ft²
$1,480,000
Aug 17, 2023
$1,480,000
Sep 14, 2023
-
Townhouse
6
Beds
5
Baths
2,420 ft²
$596/ft²
$1,442,000
Mar 3, 2023
$1,442,000
May 10, 2023
-
Townhouse
4
Beds
4
Baths
1,976 ft²
$856/ft²
$1,691,000
Dec 7, 2023
$1,691,000
Jan 8, 2024
-
Townhouse
5
Beds
5
Baths
2,420 ft²
$586/ft²
$1,418,000
May 4, 2023
$1,418,000
May 26, 2023
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/18/2024
|
|
8 Bed
|
6 Bath
|
2000 ft²
|
$1,495,000
8 Bed
6 Bath
2000 ft²
|
-
-
|
-
|
Jason Cohen
Compass
|
09/23/2021
|
|
Studio
|
-
|
3000 ft²
|
$1,197,500
Studio
-
3000 ft²
|
-
-
|
-
|
Corbett Daly
KW Metro Center
|
08/21/2018
|
|
9 Bed
|
6 Bath
|
-
|
-
9 Bed
6 Bath
|
-
-
|
-
|
-
|
Building Info
705 Kenyon Street Northwest
705 Kenyon Street Northwest, Washington, DC 20010