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.
Residential For Sale
589 COLUMBIA ROAD, WASHINGTON, District Of Columbia 20001
- Robert Spicer
- 301-622-2222
- 240-388-1030
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RobSpicer@SpicerRealEstate.com
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robspicer@spicerrealestate.com
Listing provided by: Tohmai Smith