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Richard Budden

Realtor, GRI

  • Cell (443) 480-1181
Questions?

1123 11th St Nw, WASHINGTON, DC – $4,950,000

  • $5M Price
  • 11,500 Sqft
  • .06 Acres
  • 150 DOM
  • $5M Price
  • 11,500 Sqft
  • .06 Acres
  • 150 DOM

1123 11th St Nw

Visit 1123eleven.com for further details. Rare opportunity to purchase a 7-unit building in the heart of the city. 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: ~6.3% (Pro Forma, Mixed-use tenancy), Pro Forma Gross Operating Income Residential/Commercial: ~$360,000, Pro Forma Operating Expenses: ~$48,000, 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.

Essential Information

  • MLS® #DCDC423990
  • Price$4,950,000
  • Bathrooms0.00
  • Square Footage11,500
  • Acres0.06
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address1123 11th St Nw
  • SubdivisionMT VERNON SQUARE
  • CityWASHINGTON
  • CountyWASHINGTON-DC
  • StateDC
  • Zip Code20001

Interior

  • HeatingForced Air, Heat Pump(s)
  • CoolingCentral A/C
  • # of Stories6

Exterior

  • ExteriorBrick and Siding
  • RoofRubber, Cool/White

School Information

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

  • Date ListedApril 25th, 2019
  • Days on Market150
  • ZoningD-1-R

Listing Details

  • OfficeWashingtopia Real Estate, LLC.
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Price Change History for 1123 11th St Nw, WASHINGTON, DC (MLS® #DCDC423990)

Date Details Price Change
Price Reduced (from $5,350,000) $4,950,000 $400,000 (7.48%)

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Coldwell Banker Chesapeake are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on September 21st, 2019 at 4:15pm EDT.