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612 Newton Place NW

WASHINGTON, DC 20010
  • $1,374,900
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: DCDC2134038
Price Reduced
UPDATED: 160 min ago
$1,374,900
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,904
    SQFT
  • $473
    $/SQFT
Type:
Multi-Family
Built:
1931
County:

School Ratings & Info

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
www.themichaelhargetgroup.com/homes/148877262
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612 Newton Place NW WASHINGTON, DC 20010

  • Price: $1,374,900
  • Status: Active
  • On Site: 88 Days
  • Updated: 160 min ago
  • ID#: DCDC2134038
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2,904
SQFT
$473
$/SQFT
1931
Built
County:
Washington
School District:
District Of Columbia Public Schools
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.
Exterior Features

Architectural Style Contemporary Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Property Condition Good Soil Types Chillum-Urban Land Complex Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2904 Appliances DishwasherDryerDisposalRefrigeratorWasher Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Flooring Hardwood Heating Hot Water Heating YN Yes Interior Features Breakfast AreaCombination Kitchen/LivingCombination Dining/LivingFloor Plan - OpenFlatFormal/Separate Dining Room Rooms Total 16 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 4

Property Features

Acceptable Financing CashConventional Accessibility Features 32"+ wide Doors Central Air YN Yes Cooling Fuel Natural Gas Existing Lease Type Long TermMonth to Month Gross Income 138264.00 Heating Fuel Natural Gas Hot Water Natural Gas Maintenance Expense 27459.00 Navigable Water YN N Net Operating Income 110805.00 New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes InsuranceTrash Original MLSNumber 802947043320 Owner Pays Lawn/Shrub CareHeatGasSewerSnow Removal Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN Yes Sale Type Standard Sewer Approved System Structure Design Type Other Tax Annual Amount 10167.00 Tax Lot 827 Total Actual Rent 138264.00 Trash Expense 2469.52 Vacation Rental YN No Water Source CommunityPrivatePublic Year Built Effective 2017 Zoning R1

Listing courtesy of Coldwell Banker Realty - Washington: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-22T19:56:45.173.
 
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