Bought with Paulina Gomez • KW Metro Center
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58 GALVESTON PL SW Washington, DC 20032
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Key Details
Sold Price $899,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $321
MLS Listing ID DCDC2144856
Sold Date 09/26/24
Style Colonial
Abv Grd Liv Area 2,800
Originating Board BRIGHT
Year Built 1944
Annual Tax Amount $6,410
Tax Year 2023
Lot Size 4,300 Sqft
Acres 0.1
Property Sub-Type Detached
Property Description
Presenting 58 Galveston Place SW, a compelling investment opportunity featuring a development of four luxury units in the vibrant Congress Heights community. These meticulously designed residences offer upscale urban living within close proximity to the Entertainment Sports Arena, Gateway DC, Congress Heights Art & Cultural Center, and National Harbor. The allure of sophistication and energy is evident in each space, making this an enticing investment prospect.
Of the four units, three boast 3 bedrooms and 1 bathroom, while the fourth unit features 2 bedrooms and 2 bathrooms, catering to a diverse range of potential tenants. Each unit offers approximately 815 square feet of living space, re-engineered wood flooring, quartz countertops, white shaker style cabinets, and stainless-steel appliances, ensuring an attractive modern living environment.
The building is currently 100% vacant, presenting an opportunity for investors to capitalize on this prime real estate. Additionally, voucher rent support is available at $1,893 per month for each 3-bedroom unit and $1,360 per month for the 2-bedroom/2-bath unit, resulting in a total monthly income of $7,039.
This is a compelling chance for savvy investors to acquire a lucrative property in a sought-after location. Don't miss out on the potential of 58 Galveston Place SW as a rewarding addition to your investment portfolio.
Location
State DC
County Washington
Zoning R-2
Rooms
Basement Partially Finished
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 6239/S/0013
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio, Cash, Conventional
Listing Terms Bank Portfolio, Cash, Conventional
Financing Bank Portfolio,Cash,Conventional
Special Listing Condition Standard
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