$1,335,000
$1,374,900
2.9%For more information regarding the value of a property, please contact us for a free consultation.
612 NEWTON PL NW Washington, DC 20010
2,904 SqFt
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
Waterfront N
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Andre Margutti • Redfin Corp