1101 P STREET
Washington, DC 20005

Description:

Prime corner location 6-unit rental in excellent condition and just 1.5 blocks from Logan Circle in Washington DC. Highly desirable and easy to rent, this investment property is ready to add to your portfolio. Its condition and location make it an ideal investment capable of commanding above market rents. Currently configured into five 1BRs and a massive 2BR, the building features 6,060 sf of MU-4 (mixed use) zoning. Currently, 5 units are operated under a corporate housing model that can be continued or transitioned into yearly leases after the sale. One unit is under current lease that runs through April 2024. It has a two-car garage and driveway parking for two additional cars. Fully renovated in 2008, the units are outfitted with solid cherry hardwood floors, tall ceilings with recessed lights, and travertine marble baths with tubs and glass showers. the kitchens vary in size, but most include white quartz counters, stainless steel appliances, dishwashers and breakfast bars. Each unit has its own front loading washer/dryer. Heating and AC are electric heat pumps and the cooking fuel is gas. There are seven electrical meters including one for each unit and one house meter. Each unit has a 200 amp service and has been fully upgraded. Originally built in 1900, the building is historic and includes a L'Enfant façade easement. The front entry is grand with wood and glass french doors topped with a decorative leaded transom. The front and side yards are low maintenance stone and there are crepe myrtle trees all around. Unit B is a huge and bright 1BR/1.5BA in the basement with windows all around and its own separate entrance.. Unit 1F is a 1,400+ sf 2BR/2.5BA with tall ceilings, its own fireplace, a gourmet kitchen with a sub zero fridge and massive bedrooms, its own rear balcony. Unit 2F is a 1BR/1BA in the front with a large bay window and ample southern light and a stylish kitchen. Unit 2R is a 1BR/1BA with multiple exposures, a large bedroom, a quartz countered wrap-around kitchen and large entryway with multiple closets. Unit 3F is a 1BR/1BA on the top floor set into the mansard roof with a separate kitchen, big bedroom, a curved wall and a marble bath with glass shower. Unit 3R is a top floor 1BR w/sleek kitchen, large bedroom, great views and plenty of storage. *** Close to metro, bus lines, Whole Foods, bars, restaurants, yoga and fitness studios, downtown DC and more. 14th St, NW is a 5 minute walk. ***