$475,000
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!
125 Galveston Pl Sw, Washington
Listing courtesy of Homewise Realty Services, LLC. Contact: 8006106195
