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    1123 11TH Street NW

    WASHINGTON, DC 20001
    • $4,550,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: DCDC475906
    UPDATED: 30 min ago
    $4,550,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    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: ~5.54% (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.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T15:53:31.447.
    dmv.thereduxgroup.com/homes/107533743
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    1123 11TH Street NW WASHINGTON, DC 20001

    • Price: $4,550,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: DCDC475906
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1900
    Built
    Neighborhood:
    Mt Vernon Square
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    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: ~5.54% (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.
    Exterior Features

    Construction Materials Brick Direction Faces West Garage YN No Location Type Downtown Parking Types None Property Condition Very Good Riparian Rights YN No Roof Cool/WhiteRubber Soil Types Urban Land-Beltsville-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 11500.00 Cooling Central A/C Heating Forced AirHeat Pump(S) Heating YN Yes Net Square Feet 11500.00

    Property Features

    Accessibility Features None Association YN No Building Name 1123 11TH ST NW Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Cross Street L Entry Level 1 Gross Income 300000.00 Heating Fuel Electric Hot Water Electric Navigable Water YN N Net Operating Income 252000.00 New Construction YN No Number Of Units Total 7 Operating Expense 48000.00 Original MLSNumber 304194962903 Owner Pays Taxes - Real EstateWaterSewerInsurance Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 26843.00 Tax Assessment Amount 2697520.00 Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning D-1-R

    Listing courtesy of Washingtopia Real Estate, Llc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Redux Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-29T15:53:31.447.
     
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