Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
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Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
Listing photo for 1123 11th St Nw, WASHINGTON, DC
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1123 11th St Nw,

WASHINGTON, DC

$4,550,000

11,500 Sqft
0.06 Acres

Visit 1123eleven project website in tour link for further details. Rare opportunity to purchase a 7-unit building in the heart of the city (trophy location). Located at the intersection of Washingtons Downtown, Logan Circle, Shaw, and Mt. Vernon Square neighborhoods. Historic Victorian architecture meets modern design. Originally constructed in 1900 and redeveloped in 2008 with approximately 11,500 Sq.Ft. of gross building area over six floors, including a two-story penthouse addition with multiple outside terraces. Registered as a condominium and currently configured as 7 contemporary rental apartments. Developed by TDG; design by Norman Smith Architecture. D-1-R Zoning permits limited commercial use on or below the ground floor. Maximum allowable FAR 6; as-built FAR 3.7. Maximum allowable height: 90 ft. (plus a 20 ft. penthouse); as-built height: ~60 ft. (not including ~8.5 ft. mechanical penthouse). Cap Rate: ~6.86% (Pro Forma, Mixed-use tenancy), Pro Forma Gross Operating Income Residential/Commercial: ~$360,000, Pro Forma Operating Expenses Residential/Commercial: ~$48,000. Cap Rate: ~5.56% (Pro Forma, 100% Residential), Pro Forma Gross Operating Income All Residential ~$300,000, Pro Forma Operating Expenses: ~$48,000 Residential. Actual Gross Operating Income 2018: ~$334,000 (100% Residential), Actual Gross Operating Income 2017: ~$330,000 (100% Residential), Photos current as of April 2019. Disclaimer: The statements contained herein do not form any part of any offer or contract and are issued without responsibility on the part of Washingtopia Real Estate Llc. or its clients. All descriptions, dimensions, and necessary permissions for use and occupation or any other details including financial figures and projections are given in good faith and are believed to be credible, but are not to be relied upon as statements or representations of fact; any intending purchaser must satisfy themselves as to the correctness of each statement made.

Facts & Features
MLS® # DCDC423990
Price $4,550,000
Bathrooms 0.00
Square Footage 11,500
Acres 0.06
Year Built 1900
Type Commercial Sale
Sub-Type Five Or More Units
Status Active
Community Information
Address 1123 11th St Nw
Subdivision MT VERNON SQUARE
City WASHINGTON
County WASHINGTON-DC
State DC
Zip Code 20001
Amenities
Is Waterfront No
Interior
Heating Forced Air, Heat Pump(s)
Cooling Central A/C
Has Basement No
Fireplace No
# of Stories 6
Exterior
Exterior Brick and Siding
Roof Rubber, Cool/White
School Information
District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Additional Information
Date Listed April 25th, 2019
Days on Market 309
Zoning D-1-R
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Washingtopia Real Estate, LLC.
Photo of Richard Budden

Richard Budden

Cell: (443) 480-1181

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Listing information last updated on February 27th, 2020 at 3:31pm EST.