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612 NEWTON PL NW Washington, DC 20010
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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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Bought with Andre Margutti • Redfin Corp
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