$1,200,000
Est. payment /mo
4,791 Sqft Lot
New
589 COLUMBIA RD NW Washington, DC 20001
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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2186456
Style Colonial
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $11,602
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Detached
Property Description
Great investment opportunity!! Ideal 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. Location! Location! Location! Great possibilities! 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. Big Opportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals. Exercise caution when exploring premises. Home Harmless Agreement required.
Location
State DC
County Washington
Zoning R
Interior
Hot Water Electric
Cooling Central A/C
Fireplace N
Heat Source Central
Exterior
Water Access N
Accessibility Other
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
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
Special Listing Condition Short Sale
Listed by Don Gladstone • REMAX Platinum Realty