MLS® ID: DCDC423990

1123 11TH STREET NW

WASHINGTON, District of Columbia, 20001

$4,950,000 Active
  • - SQFT
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.
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Listing courtesy of Washingtopia Real Estate, LLC.

Amenities

  • Zip
    20001
  • Office name
    Washingtopia Real Estate, LLC.
  • Subdivision
    MT VERNON SQUARE
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Commercial Sale
  • Zoning type
    D-1-R
  • School district
    DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Year built
    1900
  • Lot size
    0.06
  • Sewer
    Public Sewer
  • Heating
    Forced Air,Heat Pump(s)
  • Agent name
    Victor Brown
  • Purchase Type
    Active
  • Full baths
    0
  • Half baths
    0

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