Active
589 Columbia Rd NW
Washington DC, 20001
$1,300,000
$182.28 per sqft
Active
8 Beds
4 Baths
7,132 sqft
Residential
Built in 1980
Investment Opportunity in Prime Location
Welcome to a prime investment opportunity nestled in the heart of Washington, DC. This four-unit property presents an exceptional chance for savvy investors to capitalize on its potential. Boasting a coveted location and promising possibilities, this property is a diamond in the rough waiting to be polished.
Property Details:
Unit Configuration: Four units, each featuring two bedrooms
Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.
Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.
Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.
Housing Demand: With housing in DC at a premium and Howard University facing shortages in student accommodations, this property offers a timely solution to a pressing need.
Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.
Important Note:
Fire Damage Alert: Please be advised that this property has incurred fire damage and is currently deemed unsafe for entry. Exercise caution when exploring the premises.
Home Harmless Agreement: For safety reasons, all individuals entering the property must sign a Home Harmless Agreement, acknowledging the risks associated with the property's current condition.
DCDC2134032
MLSⓇ ID
March 25, 2024
Listed
September 5, 2024
Updated
Map
589 Columbia Rd NW
Washington DC, 20001
Interior Features
Total Stories
2
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.11 Acres
Architectual Style
Other
Sewer
Public Sewer
School Information
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Other Property Details
Taxes
$10,800
Tax Frequency
Annually
Days on Market
143
Garage
No
Parking
Off Street, On Street
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/6/2024 | Price change | $1,300,000 -8% |
Listed by Tohmai Smith, with RLAH @properties
Listing Contact: 2026389497
The IDX display contains information sourced from the Bright MLS, Inc. as of 9/5/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 9/5/2024 at 10:35 PM UTC