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508 Rhode Island Avenue NW

WASHINGTON, DC 20001
  • $1,225,000
  • STATUS: Active Under Contract
  • ON SITE: 54 Days
  • ID#: DCDC2000171
Under Contract
UPDATED: 35 min ago
$1,225,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1881
County:

School Ratings & Info

Description

Here's your second chance for this phenomenal opportunity to own a commercial property with HIGH visibility on Rhode Island Ave NW. The mixed use zoning allows for a variety of uses including retail, office, residential, etc. (buyer to verify their intended use). Live/work from one unit and lease the other two! Rich with history, the stunning top-to-bottom conversion of this historic DC row house boasts three beautifully designed one bedroom units that will provide amazing cash flow for years to come. Whether you're looking to owner occupy one unit or lease all three - your finances will surely appreciate this brilliant long-term investment. Enjoy close proximity to delightful restaurants, great grocery stores, bars, nightlife and entertainment. Labeled a "Walker's Paradise," you'll never need a car and if you need to move around town, do so easily with quick access to Metrorail, bus, Capital Bike Share, Scooters, and more! Each unit features premium finishes including bamboo floors, quartz counters, designer baths with Porcelanosa tile and Restoration Hardware fixtures and vanities, gas cooking, gorgeous lighting, and NEST thermostats. The building is prepared for condo conversion (fire suppression systems installed) and boasts high caliber insulation and large sound-proof windows. The ground level and first level units are vacant and ready for new tenants of your choosing. Don't miss out on this wonderful investment in DC's hottest neighborhood.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-09T08:51:09.103.
www.locomusings.com/homes/122396605
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508 Rhode Island Avenue NW WASHINGTON, DC 20001

  • Price: $1,225,000
  • Status: Active Under Contract
  • On Site: 54 Days
  • Updated: 35 min ago
  • ID#: DCDC2000171
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1881
Built
Neighborhood:
Shaw
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Here's your second chance for this phenomenal opportunity to own a commercial property with HIGH visibility on Rhode Island Ave NW. The mixed use zoning allows for a variety of uses including retail, office, residential, etc. (buyer to verify their intended use). Live/work from one unit and lease the other two! Rich with history, the stunning top-to-bottom conversion of this historic DC row house boasts three beautifully designed one bedroom units that will provide amazing cash flow for years to come. Whether you're looking to owner occupy one unit or lease all three - your finances will surely appreciate this brilliant long-term investment. Enjoy close proximity to delightful restaurants, great grocery stores, bars, nightlife and entertainment. Labeled a "Walker's Paradise," you'll never need a car and if you need to move around town, do so easily with quick access to Metrorail, bus, Capital Bike Share, Scooters, and more! Each unit features premium finishes including bamboo floors, quartz counters, designer baths with Porcelanosa tile and Restoration Hardware fixtures and vanities, gas cooking, gorgeous lighting, and NEST thermostats. The building is prepared for condo conversion (fire suppression systems installed) and boasts high caliber insulation and large sound-proof windows. The ground level and first level units are vacant and ready for new tenants of your choosing. Don't miss out on this wonderful investment in DC's hottest neighborhood.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Riparian Rights YN No Soil Types Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2000.00 Cooling Central A/C Flooring ConcreteWood Heating Forced AirCentral Heating YN Yes Net Square Feet 2000.00

Property Features

Acceptable Financing ConventionalFhaCashVa Accessibility Features None Assessment Year 2020 Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street 6th Street Nw Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 800760048093 Owner Pays Taxes - Real EstateInsurance Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 8550.00 Tax Assessment Amount 1038280.00 Tax Lot 20 Vacation Rental YN No Water Source Public Year Built Effective 2015 Zoning Res

Listing courtesy of Urban Brokers, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-09T08:51:09.103.
 
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LoCoMusings | Century 21 Redwood Realty
540 Fort Evans Road Suite 303
Leesburg VA, 20176