58 GALVESTON PLACE SW

Property Description

***INCREDIBLE INVESTMENT***SPACE TO ADD AN ADDITIONAL UNIT***We welcome you to 58 Galveston Place SW a development of 4 luxury units located in the Congress Heights community. This highly designed residences provide luxurious living in an urban setting within blocks to the Entertainment Sports Arena, Gateway DC, Congress Heights Art & Cultural Center, and National Harbor. You can’t help but appreciate the sophistication and energy each space reveals. Three of the four units offer 3-bedrooms and 1-bath, The fourth unit offers 2-bedrooms and 2 baths. Each unit greets you with appropriately 815 square feet of living space, re-engineered wood flooring, quartz countertops, white shaker style cabinets, and stainless-steel appliances. The basement is equipped for a laundry room. Building is 100% vacant. Voucher rent supports $1,893 per month for each 3-bedroom unit, and $1,360 per month towards the 2-bedroom/2-bath unit. Total monthly income $7,039. PLEASE NOTE, BASEMENT CEILING HEIGHT IS OVER 7 FEET 2 INCHES. THERE ARE CURRENTLY 3 WINDOWS AND AN INGRESS. SPACE COULD BE CONVERTED TO A 5TH UNIT (2 BED/1+BATH). THAT WOULD YIELD AN ADDITIONAL $1,360 PER MONTH - INCREASING THE MONTHLY TOTAL INCOME TO OVER $8,399 ($100,788 TOTAL ANNUAL INCOME).