Washington, DC 20010,612 NEWTON PL NW
Washington, DC 20010,612 NEWTON PL NW
Washington, DC 20010,612 NEWTON PL NW
Washington, DC 20010,612 NEWTON PL NW
Washington, DC 20010,612 NEWTON PL NW
Washington, DC 20010,612 NEWTON PL NW
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$1,335,000

$1,374,900

2.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,904 SqFt


SOLD DATE : 09/02/2024

Key Details

Sold Price $1,335,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,904 sqft

Price per Sqft $459

MLS Listing ID DCDC2134038

Sold Date 09/02/24

Style Contemporary

Abv Grd Liv Area 2,904

Originating Board BRIGHT

Year Built 1931

Annual Tax Amount $10,167

Tax Year 2023

Lot Size 2,765 Sqft

Acres 0.06

Property Description

Introducing a prime investment opportunity (with an assumable mortgage at 3.75% and loan balance of $1,026,397.) nestled in the vibrant community of Columbia Heights. This 4-unit building, listed at $1,399,900, presents an enticing prospect for savvy investors seeking immediate returns. Boasting a convenient location near the Georgia Ave- Petworth metro station and a plethora of amenities, this property is an attractive choice for both tenants and investors alike. Each unit features 2 bed(s)/1 ba, updated appliances inclusive of an in-unit washer dryer combo, and a private patio, offering residents the utmost convenience.

What sets this investment apart is its stable tenancy arrangement. The property is leased with a voucher subsidy program, ensuring consistent rental income. Additionally, all tenants are on month-to-month leases, providing flexibility for new ownership. T-12 available upon request.

Generating over $11,000/mo in rental income, this property promises a strong return on investment. Its desirable amenities and strategic location make it a standout choice in Columbia Heights' competitive real estate market.

Don't miss out on this exceptional opportunity to own a profitable investment property in one of Washington, D.C.'s most sought-after neighborhoods. Schedule a showing today to explore the potential of this remarkable 4-unit building. T-12 available upon request. Photos are from prior sale. All units are currently occupied.

Location

State DC

County Washington

Zoning R1

Interior

Interior Features Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Floor Plan - Open, Flat, Formal/Separate Dining Room

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Flooring Hardwood

Equipment Dishwasher, Dryer, Disposal, Refrigerator, Washer

Fireplace N

Appliance Dishwasher, Dryer, Disposal, Refrigerator, Washer

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 32\"+ wide Doors

Garage N

Building

Sewer Approved System

Water Community, Private, Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 3038//0827

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Taelor Salmon • Coldwell Banker Realty - Washington
Bought with Andre Margutti • Redfin Corp
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