589 Columbia Road Nw Washington, DC 20001

$1,300,000
8
Beds
4
Baths
0.11
Acres
7,132
SQFT
182
$/SQFT
$1,300,000
8
Beds
4
Baths
7,132   sf
$182 / sf
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active
1/11
Street View

Investment Opportunity in Prime LocationWelcome 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 bedroomsPotential 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.

Investment Opportunity in Prime LocationWelcome 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 bedroomsPotential 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Washington
  • Tax Amount
    $10,800
  • Status
    Active
  • Listing #
    DCDC2134032
  • Built
    1980
  • Lot Size
    0.11
  • Listed on site
    229 days
  • Listing Agent Id
    121137213294

Listed by:
RLAH @properties

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Parking Off-Street
  • Basement

Interior Features

  • Main Floor Bedroom

Financing

  • Cash

Property History

DateDays AgoEventNew Price
Aug 6, 20243 mos agoPrice decreased100,000 (7%)$1,300,000
Mar 25, 20248 mos agoNew on market$1,400,000
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