612 Newton Place Northwest
612 Newton Place Northwest
$1,399,900
Price
—
Beds
2,904 Sq. Ft.
$482 / Sq. Ft.
2,904
Sq. Ft.
$482
per Sq. Ft.
Active Under Contract
Active Under Contract
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...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.
- Listed by Taelor Salmon • Coldwell Banker Realty - WashingtonP: 2404470711 taelor.salmon@cbmove.com
Property Details for 612 Newton Place Northwest
Tax ID Number
3038//0827
OwnershipFee Simple
Structure TypeOther
StyleContemporary
WaterfrontNo
GarageNo
Legal SubdivisionColumbia Heights
Central AirYes
Location
Listing Courtesy of Coldwell Banker Realty - Washington
Add your commute
LISTING UPDATED: 04/25/2024 10:20 AM
Property Details for 612 Newton Place Northwest
| Status | Active Under Contract |
|---|---|
| MLS # | DCDC2134038 |
| Days on Market | 32 |
| Taxes | $9,460 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1931 |
| Lot Size | 0.06 AC / 2,765 SF |
| County | District of Columbia |
Building
612 Newton Pl NW
Built in 1931
Location
Listing Courtesy of Coldwell Banker Realty - Washington
Add your commute
Building Information for 612 Newton Place Northwest
Stories-Residences-Year Built1931Building Size-Lot Size0.06 AC / 2,765 SF
Payment Calculator
$8,428 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,640
Property Taxes
$788
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 612 Newton Place Northwest
Location
Location
- In City Limits: Yes
- School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- School District County ID: 121140357950
- SchoolDistrictSource: Listing Agent
- County: WASHINGTON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2022
- Tax Assessed Value: $1,196,080
- Year Assessed: 2022
- County Tax: $0
- Improvement Assessed Value: $700,950
- City Town Tax: $9,460
- Land Assessed Value: $495,130
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: R1
- Tax Lot: 827
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Lawn/Shrub Care, Heat, Gas, Sewer, Snow Removal
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 4
- Three Bedroom Units Count: 0
- Units Leased Count: 4
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 4
- Rent Control: Yes
Financial Information
Expenses
- Operating Expense Includes: Insurance, Trash
- Trash Expense: $2,470
- Maintenance Expense: $27,459
- Water Avg Month: $718
- Water Prev 12 Months: $8,612
- Electric Avg Month: $474
- Electric Prev 12 Months: $5,683
- Gas Avg Month: $264
- Gas Prev 12 Months: $3,167
Financial Information
- Gross Income: $138,264
- Net Operating Income: $110,805
- Annual Rental Income: $138,264
- Income Includes: Apartment Rentals
- Cap Rate: 7.90
- Existing Lease Type: Long Term, Month to Month
Building Info
Building Info
- Year Major Reno Remodel: 2017
- Building Units Total: 4
- Total Finished SQFT: 2,904.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,904.00
- Total SQFT: 2,904.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Flooring Type: Hardwood
- Other Structure: Above Grade, Below Grade
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Soil Types: Chillum-Urban Land Complex
- Parcel ID: 16050529
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Interior Features: Breakfast Area, Combination Kitchen/Living, Combination Dining/Living, Floor Plan - Open, Flat, Formal/Separate Dining Room
- Fireplace: No
- Appliances: Dishwasher, Dryer, Disposal, Refrigerator, Washer
- Accessibility Features: 32"+ wide Doors
Exterior Features
Exterior Features
- Pool: No Pool
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Community, Private, Public
- Sewer Septic: Approved System
Confidential Data
Listing Office
- List Agent AOR: Greater Capital Area Association of REALTORS
Property History for 612 Newton Place Northwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 612 Newton Place Northwest
Taxable ValueLand$495,130Additions$700,950Total$1,196,080
Tax Record2023$10,250 ($854 / month)
Home Facts
Baths4Total Finished SqFt2,904 SqFtAbove Grade Finished SqFt2,904 SqFtStories2Lot Size2,765 SqFtStyleMulti-Family Dwelling (2-4)Year Built1931Year Renovated2016ZoningRF-1CountyDISTRICT OF COLUMBIAAPN3038 0827
Schools near 612 Newton Place Northwest
This home is within District Of Columbia Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Bruce-Monroe Elementary School @ Park View PublicPK to 5 | ||
MacFarland Middle School Public6 to 8 | ||
Roosevelt High School @ MacFarland Public9 to 12 | ||
Benjamin Banneker High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Coldwell Banker Realty - Washington
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/25/2024 10:20 AM