DC > Washington
Washington, DC 20001,589 COLUMBIA RD NW
$1,200,000
Est. payment /mo
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4,791 Sqft Lot
Active

589 COLUMBIA RD NW Washington, DC 20001

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Zack Grimmer

Zack Grimmer

+1(215) 667-0238

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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

Year Built 1980

Annual Tax Amount $11,602

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Detached

Source BRIGHT

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

Special Listing Condition Short Sale

Bright MLS (BMLS)

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Zack Grimmer

Zack Grimmer

Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849

+1(215) 667-0238

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589 COLUMBIA RD NW