Address
1123 11Th Street NW Washington, DC
Price
$ 4,550,000
Property Attributes
  • MLS#DCDC423990
  • TypeCommercial
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodMT VERNON SQUARE
  • Zip20001
  • StyleApartment Building
  • Year Built1900
  • Taxes26843
  • Price$ 4,550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11500
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Washingtopia Real Estate, LLC.
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: ~5.56% (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.

Price History
4/25/2019 Listed $5,350,000
9/9/2019 8% - $4,950,000
10/31/2019 10% - $4,500,000

General Features

Accessibility None
Business Type Apartment Building
Cool Fuel Electric
County WASHINGTON
Location Type Downtown
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 395.65
Property SubType Five Or More Units
Property Type Commercial Sale
PropertyCondition As-is Condition, Shows Well
Tax Year 2019
Total Units 7
Vacation Rental Y/N No
Zoning D-1-R
Zoning Description The purpose of the D-1-R zone is to require the provision of high-density housing, with a limited amount of commercial use only

Interior Features

Central Air Y/N Yes
Cooling Central A/C
Heating Forced Air, Heat Pump(s)
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 11500.00
Construction Materials Brick
Lot Dimensions 25 ft x 100 ft
Lot Size Acres 0.06
Lot Size Source Assessor
Lot Size Square Feet 2500.00
Navigable Water Y/N No
Roof Cool/White, Rubber
Sewer Public Sewer
Soil Types Urban Land-Beltsville-Chillum
Type of Parking None
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20001

Price
AVG $1.18M
$4.55M
Taxes
AVG $9,138
$26,843
Visits
AVG 15
22
Year Built
AVG 1911
1900
Walkscore
AVG 96
98
Data Provided by Walkscore ® not using MLS data

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