$4,950,000

1123 11th St NW

WASHINGTON DC, 20001

Description

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.

Details

MLS#DCDC425270
Sub-TypeResale
StatusActive
Year1900
Days On Site164

Features

SQ Feet11,500
Units4

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Area Information

StateDC
CityWASHINGTON
Zip Code20001
Listing VS Median (in 20001)
Price:
$4,950,000
low | high
Med:
$629,950
100% of Average
SqFt:
11,500
low | high
Med:
1,654
100% of Average
$ / SqFt:
$430
low | high
Med:
$387
60.156183961345% of Average
On Site:
164
low | high
Med:
21.500000
100% of Average
Listing Updated: 10/13/2019
MLS Number: DCDC425270
Listing Provided By:
Victor Brown  of  Washingtopia Real Estate LLC.