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589 Columbia Rd NW , Washington, DC 20001
Washington, DC 20001
Description
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.
Details
| Mls | DCDC2134032 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 252 |
| Listing Provided By | RLAH @properties | Tohmai Smith |
Features
| Beds | 8 |
|---|---|
| Baths | 4 Total |
| Sq Feet | 7,132 |
| Basement | Y |
| Storys | 2 |
| Zoning | RF-1 |
| Acreage | 0.11 |
Market Activity 20001
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Learn More About This Property
| State | DC |
|---|---|
| County | Washington |
| City | Washington |
| Zip Code | 20001 |
| Community Name | Columbia Heights |
| School District | District Of Columbia Public Scho |
| Listing VS Median (in Columbia Heights) | |
Price: $1,300,000 low | high Med: $562,500 SqFt: 7,132 low | high Med: 850 $ / SqFt: $182 low | high Med: $662 On Site: 252 low | high Med: 67.000000 | |