Washington, DC 20010,612 NEWTON PL NW
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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

$1,335,000

Est. payment /mo

$1,374,900

2.9%
Est.Price: ?

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612 NEWTON PL NW Washington, DC 20010

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
agent

Cathi Powell

Realtor, Team Lead | License ID: MD-587850

+1(410) 419-5550

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