589 COLUMBIA RD NW Active Save Request In-Person Tour Request Virtual Tour
Washington,DC 20001
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 7,132 sqft
Price per Sqft $182
MLS Listing ID DCDC2133436
Style Other
Year Built 1980
Annual Tax Amount $40,020
Tax Year 2023
Lot Size 4,791 Sqft
Property 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.
Location
State DC
County Washington
Zoning RF-1
Interior
Hot Water Natural Gas
Heating None
Cooling None
Exterior
Waterfront N
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard