125 Galveston Pl SW,WASHINGTON, DC 20032
WASHINGTON, DC 20032
Description
Back on the market due to buyer's financing. 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 (with some excavation and renovation) 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!
Details
| MLS # | DCDC2263270 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1943 |
| Days On Site | 167 |
| Listing Provided By | Homewise Realty Services, LLC | Lisa Lessey Ross |
Features
| SQ Feet | 2,848 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RES |
| Acreage | 0.10 |
| Property View | Street |
Interior
| Cooling | Ceiling Fan(s), Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
| Interior Features | Ceiling Fan(s), Combination Dining/Living, Wood Floors |
| Window Features | Bay/Bow |
| Appliances | Built-In Microwave, Disposal, Icemaker, Oven/Range - Gas, Refrigerator, Washer/Dryer Stacked |
Exterior
| Exterior Features | Other |
|---|---|
| Roof | Unknown |
| Security Features | Carbon Monoxide Detectors, Main Entrance Lock, Smoke Detector |
| Construction Materials | Brick |
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Natural Gas Available, Electric Available, Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 874 |
|---|
Area Information
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $475,000 low | high Med: $126,500 sqft: 2,848 low | high Med: 702 $ / sqft: $167 low | high Med: $181 On site: 167 low | high Med: 61.5 | |
Market Activity 20032
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Learn More About This Property
| State | DC |
|---|---|
| County | WASHINGTON DC |
| City | WASHINGTON |
| Zip Code | 20032 |
| Area | WASHINGTON DC |
| Community Name | CONGRESS HEIGHTS |
| School District | DISTRICT OF COLUMBIA PUBLIC SCHO |
| Listing VS Median (in CONGRESS HEIGHTS) | |
Price: $475,000 low | high Med: $126,500 sqft: 2,848 low | high Med: 702 $ / sqft: $167 low | high Med: $181 On site: 167 low | high Med: 61.5 | |
