589 Columbia Rd Nw, WASHINGTON

$1,400,000

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$1,400,000
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 Contact(202) 518-8781
LISTING MAP

Get directions to this property:

Properties for Sale Similar to 589 Columbia Rd Nw, WASHINGTON, DC

Photo of Listing #DCDC2131204

2549 11th St Nw, WASHINGTON

$1,600,000 - 5 Beds, 3 Baths, 2,881 Sf

MLS® # DCDC2131204

Bright MLS Logo

© 2024 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Compass participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Compass are marked with the IDX logo and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on April 28th, 2024 at 1:05pm EDT.