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589 Columbia Road NW

WASHINGTON, DC 20001
  • $1,400,000
  • STATUS: Active
  • ON SITE: 95 Days
  • MLS #: DCDC2133436
$1,400,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,132
    SQFT
  • $196
    $/SQFT
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

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.

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www.chesapeakebayproperties.com/homes/148750841
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589 Columbia Road NW WASHINGTON, DC 20001

  • Price: $1,400,000
  • Status: Active
  • On Site: 95 Days
  • MLS #: DCDC2133436
0
Beds
0
Baths
0
½ Baths
0.11
Acres
7,132
SQFT
$196
$/SQFT
1980
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
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.
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types DrivewayOff StreetAlleyOn StreetParking Lot Pool No Pool Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 7132 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Heating None Single Room Units 0 Three Bedroom Units 4 Two Bedroom Units 0

Property Features

Acceptable Financing Cash Accessibility Features None Central Air YN No Cooling Fuel None Foundation Details Brick/Mortar Heating Fuel None Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 802937155340 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 40020.00 Tax Lot 825 Vacation Rental YN No Water Source Public Zoning RF-1

 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802937155340-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802937155340-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_802937155340-2.jpg
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Chesapeake Bay Properties | Benson & Mangold Real Estate
31 Goldsborough Street
Easton MD, 21601