605 P ST NW new to site Save Request In-Person Tour Request Virtual Tour
Washington,DC 20001
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $767
Subdivision Shaw
MLS Listing ID DCDC2199946
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $15,696
Tax Year 2022
Lot Size 2,134 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Property Description
This newly renovated 11-bedroom, 11.5-bathroom property is ideally located in the heart of Washington, DC, offering the best of both worlds – a vibrant atmosphere and unmatched convenience. Whether you're an experienced real estate investor or a first-time buyer looking to tap into the thriving Airbnb market, 605 P St NW presents a seamless investment opportunity. This property offers steady rental income and meets the Debt Service Coverage Ratio (DSCR), making it a smart and sustainable investment from the moment you take ownership.
Currently operating as a highly successful Airbnb, this income-generating home is perfectly situated for both tourists and business travelers alike. Guests will enjoy the convenience of being surrounded by world-class restaurants, including Founding Farmers, Old Ebbitt Grill, and The Hamilton, all within walking distance. For groceries, Whole Foods Market and Trader Joe's are just a few blocks away, making shopping a breeze. The metro, bus stations, and major thoroughfares are easily accessible, allowing for a hassle-free commute to iconic attractions such as the National Mall, Smithsonian Museums, and Capitol Hill. Additionally, Reagan National Airport and the Washington Convention Center are just a short drive away, enhancing the property's appeal for both short-term stays and extended visits.
This fully furnished property is ready to start generating rental income immediately, offering a steady revenue stream from day one. The home comes fully equipped with high-quality fixtures and finishes, ensuring a luxurious and comfortable stay for guests. With a proven track record on Airbnb, it's a truly turnkey property with the potential for excellent returns.
This rare gem includes all furniture and fixtures, making it an even more attractive investment. From stylish living areas to fully equipped bedrooms, everything you need is already in place, allowing you to begin reaping the rewards immediately.
Opportunities like this don't come often. Properties of this caliber and potential are hard to find in today's market. See what makes this property an incredible opportunity
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Ceramic Tile,Hardwood
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Utilities Available Cable TV,Sewer Available,Electric Available,Natural Gas Available
Water Access N
Street Surface Paved
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0445//0154
Ownership Fee Simple
SqFt Source Estimated
Security Features Monitored
Acceptable Financing Conventional,Cash,FHA,VA
Listing Terms Conventional,Cash,FHA,VA
Financing Conventional,Cash,FHA,VA
Special Listing Condition Standard