589 Columbia Rd Nw, WASHINGTON

$1,300,000

8 Beds
4 Baths
7,132 Sqft
.11 Acre
0 Parking

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.

Essential Information
MLS® #DCDC2134032
Price$1,300,000
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage7,132
Acres0.11
Year Built1980
TypeResidential
Sub-TypeDetached
StyleOther
StatusActive
Community Information
Address589 Columbia Rd Nw
SubdivisionCOLUMBIA HEIGHTS
CityWASHINGTON
CountyWASHINGTON-DC
StateDC
Zip Code20001
Interior
HeatingNone
CoolingNone
# of Stories2
Stories2 Story
Has BasementYes
Basement

Interior Access, Outside Entrance

Exterior
ExteriorBrick and Siding
FoundationBrick/Mortar
District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information
ZoningRF-1
Condo Fees$0
HOA Fees$0
Listing Details
OfficeRLAH @properties
Office Contact2025188781
Property History
Price Reduced from $1,400,000 to $1,300,000
LISTING MAP

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Listing information last updated on October 7th, 2024 at 9:45pm EDT.