612 Newton Place NW Washington, DC 20010

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Quadruplex
• Architectural Style: Contemporary
• Accessibility Features: 32"+ Wide Doors
• Ownership: Fee Simple
• New Construction: No
• Year Built: 1931
• Year Renovated: 2017
• Automatically Close On Close Date: Yes
• Remarks Public: 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.
• Special Features: None

Interior Features

• Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Washer
• Flooring Type: Hardwood
• Interior Amenities: Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Floor Plan - Open, Flat, Formal/Separate Dining Room
• Fireplace: No
• Room Count: 16
• Total Sq Ft: 2904
• Living Area Sq Ft: 2904
• Price Per Sq Ft: 473.45
• Above Grade Finished Sq Ft: 2904
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 612

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Brick
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Type Of Parking: On Street

Utilities

• Central Air Conditioning: Yes
• Cooling Fuel: Natural Gas
• Cooling Type: Central A/C
• Monthly Average Electric: 474
• Previous Twelve Months Electric Expense: 5683.15
• Heating Fuel: Natural Gas
• Heating Type: Hot Water
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Approved System
• Monthly Water Average: 718
• Water Previous Twelve Months: 8611.94
• Water Source: Community, Private, Public

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• School District Key: 121140357950
• School District Source: Listing Agent

Lot Info

• Lot Size Acres: 0.06
• Lot Size Units: Square Feet
• Lot Sq Ft: 2765.00
• Property Condition: Good
• Soil Types: Chillum-Urban Land Complex
• Year Assessed: 2023
• Zoning: R1
• In City Limits: Yes

Rental Info

• Existing Lease Type: Long Term, Month To Month
• Number Of Units Month To Month: 4
• Owner Pays: Lawn/Shrub Care, Heat, Gas, Sewer, Snow Removal
• Rent Control: Yes
• Total Actual Rent: 138264.00
• Units Leased Count: 4
• Vacation Rental: No

Tax Info

• Tax Annual Amount: 10167.00
• Assessor Parcel Number: 3038//0827
• Tax Lot: 827
• Tax Total Finished Sq Ft: 2904
• Tax Data Updated: No
• Tax Year: 2023
• Close Date: 09/02/2024

Multi Family

• Gross Income: 138264.00
• Income Includes: Apartment Rentals

MLS Schools

• School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS