Washington, DC 20001,589 COLUMBIA RD NW
Washington, DC 20001,589 COLUMBIA RD NW
Washington, DC 20001,589 COLUMBIA RD NW
Washington, DC 20001,589 COLUMBIA RD NW
Washington, DC 20001,589 COLUMBIA RD NW
Washington, DC 20001,589 COLUMBIA RD NW
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Lorin Mones

Lorin Mones

Real Estate Professional

+1(202) 494-0110
$ 1,300,000
Est. payment | /mo

7,132 SqFt


Save
$ 1,300,000
Est. payment | /mo
Save

7,132 SqFt

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

Abv Grd Liv Area 7,132

Originating Board BRIGHT

Year Built 1980

Annual Tax Amount $40,020

Tax Year 2023

Lot Size 4,791 Sqft

Acres 0.11

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

Fireplace N

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3051//0825

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Tohmai Smith • RLAH @properties

GET MORE INFORMATION

Lorin Mones

REALTOR® | Lic# SP200205008|5005063|0225251751

+1(202) 494-0110

1017 O St NW Washington, DC, 20001

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589 COLUMBIA RD NW