125 Galveston Pl Sw, Washington, DC 20032
- $475,000
- 2,848
- SqFt
- List Price
- $475,000
- Price Change
- ▼ $45,000 1786821108
- Days on Market
- 109
- Status
- ACTIVE
- MLS#
- DCDC2263270
- Living Area
- 2,848
- Lot Size (Acres)
- 0.1
- Style
- A-Frame
- Year Built
- 1943
- County
- Washington DC
- School District
- District Of Columbia Public Schools
Property Description
Great investment opportunity in Congress Heights! This turn-key brick multi-family structure features four updated 1-bedroom, 1-bathroom units. Fifty percent occupancy is generating $2065 gross monthly income which is anchored by two longstanding tenants. The two vacant units provides the opportunity for leases at current market rates or potential for owner-occupancy. The four-unit configuration appeals to both investors and owner-occupants, offering the potential to occupy one unit while rental income from the remaining units helps offset ownership costs. Tenants will love the premium amenities, including hardwood floors, built-in microwaves, icemakers, and in-unit stackable washers and dryers. The property offers energy-efficient systems, low expenses, and 3 rear spaces that provide off-street parking for up to two regular sized vehicles and one bike/motorcycle. The off-street parking can also generate additional income. Situated on a manageable 0.1-acre lot, it requires minimal maintenance, ensuring a quicker return on investment. Unit also includes a basement with the potential to be converted into an additional unit or generate income from storage. Located just 1 to 3 miles from buses, subways, and major transportation routes (I-295, I-395, I-695, and I-495). Perfect for a savvy investor or an owner-occupant looking to live in one unit while generating steady rental income. Don't miss this excellent addition to acquire this renovated, income-producing, multifamily asset with immediate cash flow, long-term appreciation potential, and value-added potential, in one of DC's emerging growth corridors!
/u.realgeeks.media/dmvliving/Logo_1-min.png){kind=logo}
Additional Information
- Subdivision
- Congress Heights
- Taxes
- $874
- Stories
- 2
- Interior Features
- Ceiling Fan(s), Combination Dining/Living, Wood Floors
- School District
- District Of Columbia Public Schools
- Flooring
- Hardwood
- Exterior Features
- Other
- View
- Street
- Heating
- Radiator
- Heating Fuel
- Natural Gas
- Cooling
- Ceiling Fan(s), Window Unit(s)
- Roof
- Unknown
- Utilities
- Natural Gas Available, Electric Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Homewise Realty Services, LLC. Contact: 8006106195