589 Columbia Rd, Washington, DC 20001 | Expired

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Off-Market Call for Pricing

Call for Pricing
  • Five Stars
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 7,132 Sq Ft
  • 4,791 Sq Ft

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.

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Owner

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $1,300,000
Property Type Fourplex (4-units)
Usable Sqft 7,132
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1980
Last Sold Unknown
Sold Price Unknown
APN # 3051//0825
MLS # DCDC2133436
Property ID 320501764
Lot Sqft 4,791
Zoning RF-1
Total Units 4
Date Updated December 05, 2024
Date Created March 19, 2024

Listing Provided By

Tohmai Smith an agent of .


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Data last updated: March 24, 2025.

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