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

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