Washington, DC 20001,508 RHODE ISLAND AVE NW
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Washington, DC 20001,508 RHODE ISLAND AVE NW
Washington, DC 20001,508 RHODE ISLAND AVE NW
Washington, DC 20001,508 RHODE ISLAND AVE NW
Washington, DC 20001,508 RHODE ISLAND AVE NW

$1,210,000

Est. payment /mo

$1,225,000

1.2%
Est.Price: ?

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508 RHODE ISLAND AVE NW Washington, DC 20001

2,000 SqFt

SOLD DATE : 12/22/2021

Key Details

Sold Price $1,210,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $605

Subdivision Shaw

MLS Listing ID DCDC2000171

Sold Date 12/22/21

Originating Board BRIGHT

Year Built 1881

Annual Tax Amount $8,550

Tax Year 2020

Lot Size 913 Sqft

Acres 0.02

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.

Location

State DC

County Washington

Zoning RES

Interior

Hot Water Electric

Heating Forced Air, Central

Cooling Central A/C

Flooring Concrete, Wood

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 0476//0020

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, FHA, Cash, VA

Listing Terms Conventional, FHA, Cash, VA

Financing Conventional,FHA,Cash,VA

Special Listing Condition Standard

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First Heritage Realty Alliance

First Heritage Realty Alliance

+1(267) 525-7900

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Bright MLS (BMLS)
Listed by Mark Oliver Meyerdirk • Urban Brokers, LLC
Bought with Mark Oliver Meyerdirk • Urban Brokers, LLC

First Heritage Realty Alliance

+1(267) 525-7900

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