OFFERED FOR SALE IN WASHINGTON D.C.
$1,400,000
Discover your next perfect investment opportunity in Washington D.C.
Welcome to your next lucrative investment in the heart of Washington DC! This exceptional short-term rental building, nestled in a prime location, offers a rare blend of modern amenities, substantial income potential, and exciting development opportunities.
Property Highlights
Three Units, Endless Potential
This beautifully maintained mixed-use building features three fully furnished units, each designed for comfort and style. Perfect for short-term rentals, this property is professionally managed and generating impressive income.
Prime Mixed-Use Zone
Situated in a mixed-use (NMU-G4A) zone, this property offers unparalleled flexibility. Whether you want to maintain its current lodging/short-term license or explore new possibilities such as multi-family, office, retail or eating & drinking, the choice is yours.
Proven Income Generator
With an impressive $140,000 in gross revenue in 2023, this building is a proven money-maker. The building was booked for 257 nights last year, boasting an average occupancy rate of 77% during the busy travel season (March through April)
Professionally Managed
The building is under the expert care of a dedicated property management firm specifically focusing on short-term rental properties. The impressive 4.8% rating on Airbnb stands as a glowing endorsement of the high standard of management the building currently benefits from.
Development Opportunities
Looking to expand? The current owners have engaged with a zoning attorney and architect to explore the possibility of adding more units to the property. This strategic move has the potential to not only increase the property's value but also enhance its income potential significantly.
Upgraded Systems
Enjoy peace of mind knowing that all major systems have been upgraded over the last 12 months. This includes plumbing, and HAVC, ensuring that your new investment is secure and up-to-date.
Unit 1
Unit 2
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What should we know about the services you provide? Better descriptions result in more sales.
Unit 3
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What should we know about the services you provide? Better descriptions result in more sales.
Amenities
Kitchen
Stainless Steel Appliances
Cooking basics (pots & pans, oil, salt & pepper)
Dishes and silverware
Hot water kettle & Coffee maker
Bedrooms & laundry
Essentials (towels, bed sheets, soap and toilet papers)
Bed linens
Extra pillows and blankets
Room-darkening shades
Hangers and steam press
In-unit Washer & Dryer
TV Entertainment
Family
Pack ‘n play/ Travel crib
TV Entertainment with Hulu, Netflix
Fios Giga Wifi Internet
Building
Private entrance
Paid parking off premises
Self- Check-in
Smart lock
Air conditioning & heating
Fabulous Location
This property is strategically located, offering easy access to major attractions, public transportation and essential amenities. Guests love the convenience and charm of staying in a bustling, centrally located neighborhood.
Contact us today to schedule a viewing
Contact us for detailed financials
jason@dcbuysell.com
202.957.6060