589 Columbia Road NW
Washington, District Of Columbia 20001
Investment Opportunity in Prime LocationnnWelcome 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.nnProperty Details:nnUnit Configuration: Four units, each featuring two bedroomsnnPotential for Expansion: Ample space available to comfortably rebuild units into three bedrooms, offering increased rental potential and appeal.nnCertificate of Occupancy: The property holds a Certificate of Occupancy for a four-unit building, ensuring compliance and legal status.nnNeighborhood Dynamics: The neighboring building has secured a permit for an eight-unit apartment complex, indicating growth and development potential in the area.nnHousing 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.nnOpportunities Abound: This property presents a myriad of opportunities for creative redevelopment or renovation, catering to diverse investment strategies and goals.nImportant Note:nnFire 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.nnHome 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.
General Property Information
- Total Finished SQFT: 7,132
- Above Grade Fin. SQFT: 7,132
- Style: Other
- Structure Type: Detached
- Central Air: N
- Heating: N
- Garage Parking: N
- Parking Type: Driveway,off Street,alley,on Street,parking Lot
- Private Pool: No
- Directions: Head north toward T St NWn112 ftnTurn right onto T St NWn0.1 minTurn left onto 7th St NWn259 ftnContinue onto Georgia Ave NWnPass by Chipotle Mexican Grill (on the right in 0.3 mi)n0.8 minTurn right onto Harvard St NWnMay be closed at certain times or daysn0.1 minHarvard St NW turns left and becomes Hobart Pl NWn341 ftnTurn left onto Warder St NWn246 ftnTurn left onto Columbia Rd NWnDestination will be on the rightn312 ftn589 Columbia Rd NW, Washington, DC 20001
- Waterfront: N
- Water Access: N
- Water Oriented: N
- Tidal Water: Y
- Construction Materials: Brick
- New Construction: N
- Other Structures: Above Grade, Below Grade
- Story List: Lower 1, Main, Upper 1
- Year Built: 1980
- HOA: N
- Condo/Coop Assoc. N
- Property Type: Residential
- Zoning: RF-1
- Lot Size: 0.11 Acre
- Navigable Water: N
- Senior Community: N
- Sewer Septic: Public Sewer
- Water Source: Public
Room Information
- Basement: Y
- Basement Type: Outside Entrance, Interior Access
- Bedrooms: 8
- Bedrooms - Lower Level: 2
- Bedrooms - Main Level: 4
- Bedrooms - Upper Level: 2
- Full Bathrooms: 4
- Full Bathrooms - Lower Level: 1
- Full Bathrooms - Main Level: 2
- Full Bathrooms - Lower Level: 1
Tax & Sale Information
- Tax Annual Amount: $10,800
- Tax Year: 2022
- Tax Assessed Value: $1,368,220
- Sale Type: Standard
- Possession: Settlement
- Ownership Type: Fee Simple
- Vacation Rental: N
© 2024 Bright MLS. All rights reserved. Information is deemed reliable but not guaranteed. Last Updated: 03/26/2024 at 7:40 am
| Status | Active |
| MLS # | DCDC2134032 |
| Offer Type | For Sale |
| Days on Market | 2 |
| Year Built | 1980 | Property Type | Residential |
| Lot Size | 0.11 Acre |
| Taxes | $10,800 |
| HOA Fees | - |
| County | Washington |