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249 Newcomb Street SE

WASHINGTON, DC 20032
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 165 Days
  • ID#: DCDC2121250
Under Contract
UPDATED: 132 min ago
$599,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,480
    SQFT
  • $172
    $/SQFT
Type:
Multi-Family
Built:
1943
County:

School Ratings & Info

Description

Welcome to 249 Newcomb St. SE, an exceptional investment opportunity in Congress Heights. This four-unit building offers a multitude of benefits for both investors and first time home buyer. All four units are one bedroom and one bath with the potential to easily renovate to two bedroom and one bath units. Prospective investors will appreciate the solid rental history, with high occupancy rates and strong rental demand in the area. As units vacate and you upgrade to two bedroom units the rental income increase is significant. The consistently favorable cash flow and potential for future growth makes this property an enticing investment opportunity. Situated across from green space and blocks to the bustling St Elizabeth Campus. Don't miss out on this unique investment opportunity to live in one unit and collect income from three! Schedule your private showing now! Current rental rates : Unit 1 - $525, Unit 2 - $635 and Unit 4 - $525.

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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 Great Falls Great Homes | Long & Foster Real Estate. 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: 2024-05-21T23:52:54.187.
www.greatfallsgreathomes.com/homes/145931154
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249 Newcomb Street SE WASHINGTON, DC 20032

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 165 Days
  • Updated: 132 min ago
  • ID#: DCDC2121250
0
Beds
0
Baths
0
½ Baths
0.13
Acres
3,480
SQFT
$172
$/SQFT
1943
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Welcome to 249 Newcomb St. SE, an exceptional investment opportunity in Congress Heights. This four-unit building offers a multitude of benefits for both investors and first time home buyer. All four units are one bedroom and one bath with the potential to easily renovate to two bedroom and one bath units. Prospective investors will appreciate the solid rental history, with high occupancy rates and strong rental demand in the area. As units vacate and you upgrade to two bedroom units the rental income increase is significant. The consistently favorable cash flow and potential for future growth makes this property an enticing investment opportunity. Situated across from green space and blocks to the bustling St Elizabeth Campus. Don't miss out on this unique investment opportunity to live in one unit and collect income from three! Schedule your private showing now! Current rental rates : Unit 1 - $525, Unit 2 - $635 and Unit 4 - $525.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3480 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 340 Cooling Window Unit(s) Fireplace YN No Heating Hot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 1300.00 Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Number Of Units Vacant 1 Operating Expense Includes Insurance Original MLSNumber 802765185332 Owner Pays WaterSewerGas Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 3907.00 Tax Lot 20 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station 1 to 3 miles Vacation Rental YN No Water Source Public Zoning 023

Listing courtesy of Keller Williams Capital Properties: .


©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 Great Falls Great Homes | Long & Foster Real Estate. 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: 2024-05-21T23:52:54.187.
 
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