Address
612 Newton Place NW, Washington, DC
Price
$ 1,399,900
Property Attributes
- MLS#DCDC2134038
- TypeContingent
- CountyWASHINGTON
- CityWashington
- Zip20010
- StyleContemporary
- Year Built1931
- Taxes$ 9460
- Price$ 1,399,900
- Bedrooms8
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description
Introducing a prime investment opportunity (with an assumable mortgage) 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.
| Price History | |
|---|---|
| 3/25/2024 | Listed $1,399,900 |
General Features
| Interior Features | Breakfast Area,Combination Kitchen/Living,Combination Dining/Living,Floor Plan - Open,Flat,Formal/Separate Dining Room |
|---|---|
| Sewer | Approved System |
| Heating | Hot Water |
| Cooling | Central A/C |
| Possession | 0-30 Days CD |
| Appliances | Dishwasher,Dryer,Disposal,Refrigerator,Washer |
| Zoning | R1 |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary |
| Construction Materials | Brick |
| Year Built | 1931 |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Gross Income | 138264.00 |
| OwnerPays | Lawn/Shrub Care,Heat,Gas,Sewer,Snow Removal |
| Accessibility | 32 + wide Doors |
| County | WASHINGTON |
| Net Operating Income | 110805.00 |
| New Construction | No |
| Property Type | Multi-Family |
| MaintenanceExpense | 27459.00 |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 16 |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Newton Pl NW |
| ModificationTimestamp | 2024-04-25T10:20:42 |
| City | WASHINGTON |
| Buyer Agent Compensation | 2.5 |
| Total Units | 4 |
| Lot Size Square Feet | 2765.00 |
| Tax Assessed Value | 1196080.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 4 |
| Street Name | NEWTON |
| Tax Annual Amount | 9460.0 |
| Property Condition | Good |
| Trash Expense | 2469.52 |
| Two Bedroom | 4 |
| Structure Type | Other |
| Price Per Sq Ft | 482.06 |
| Acceptable Financing | Cash,Conventional |
| Avg. Electric Per Month | 474.0 |
| Avg. Gas Per Month | 263.91 |
| Rent Control Y/N | Yes |
| Vacation Rental Y/N | No |
| Avg. Water Per Month | 718.0 |
| Total SQFT | 2904 |
| Days on Market | 32 |
| Lease Type | Long Term,Month to Month |
| Standard Status | Active Under Contract |
| Year Built Source | Assessor |
| Legal Subdivision | Columbia Heights |
| Tax Lot | 827 |
| Total Actual Rent | 138264.00 |
| Cap Rate | 7.90 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Hardwood |
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | PLACE |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
Exterior Features
| Water Source | Community,Private,Public |
|---|---|
| Type of Parking | On Street |
| Water View Y/N | No |
| Lot Size Acres | 0.06 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Soil Types | Chillum-Urban Land Complex |
| Land Assessed Value | 495130.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 20010
Price
Taxes
Visits
Year Built
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