589 Columbia Road Nw
Washington,
DC
20001
Property Details
List Price: |
$1,400,000 |
Beds: |
8 |
Baths: |
4 |
Status: |
Active |
SqFt: |
7132 |
Agency: |
RLAH @properties |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1980 |
Notes: |
Investment Opportunity in Prime Location<br />
<br />
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.<br />
<br />
Property Details:<br />
<br />
Unit Configuration: Four units, each featuring two bedrooms<br />
<br />
Potential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.<br />
<br />
Certificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.<br />
<br />
Neighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.<br />
<br />
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.<br />
<br />
Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.<br />
Important Note:<br />
<br />
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.<br />
<br />
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. |
MlsNumber: |
DCDC2134032 |
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Listing Provided By: |
RLAH @properties, original listing |
Name: |
RLAH @properties |
Phone: |
(301) 652-0643 |
Office Name: |
RLAH @properties |
Office Phone: |
(202) 518-8781 |
Agent Name: |
Tohmai Smith |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |