$1,400,000
 $7,516 est/mo Sourced by Back At You

589 Columbia Rd NW , Washington, DC 20001

Washington, DC 20001

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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#DCDC2133436
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1980
Days On Site128
Listing Provided ByRLAH @properties | Tohmai Smith

Features

SQ Feet7,132
ZoningRF-1
Acreage0.11

Market Activity 20001

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Learn More About This Property

StateDC
CountyWashington
CityWashington
Zip Code20001
School DistrictDistrict Of Columbia Public Scho
Listing VS Median (in 20001)
Price:
$1,400,000
low | high
Med:
$567,450
100% of Average
SqFt:
7,132
low | high
Med:
969
100% of Average
$ / SqFt:
$196
low | high
Med:
$586
100% of Average
On Site:
128
low | high
Med:
37
100% of Average
Sourced by Back At You
Listing Updated: July 25, 2024 at 3:00:01 AM PDT