1123 11TH Street NW

    WASHINGTON, DC 20001
    • $4,950,000
    • STATUS: Active
    • ON SITE: 139 days
    • ID#: DCDC425270
    Price Reduced
    UPDATED: 48 min ago
    $4,950,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,500
      SQFT
    • $430
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    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.

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    ©2019 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. 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: 2019-09-20T21:54:53.667.
    www.jacobsandco.com/homes/94362257

    1123 11TH Street NW WASHINGTON, DC 20001

    • Price: $4,950,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: DCDC425270
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    11,500
    SQFT
    $430
    $/SQFT
    1900
    Built
    Neighborhood:
    Mt Vernon Square
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property 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.
    Exterior Features

    Architectural Style ContemporaryVictorian Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Patio And Porch Features RoofPatio(S) Pool No Pool Property Condition Shows WellTurn KeyAs-Is Condition Riparian Rights YN No Roof RubberCool/White Soil Types Urban Land Not Rated Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 9250 Above Grade Unfinished Area 0 Basement FullFully FinishedImprovedOutside Entrance Basement YN Yes Below Grade Finished Area 2250 Below Grade Unfinished Area 0 Cooling Central A/C Heating Forced AirHeat Pump(S) Heating YN Yes Single Room Units 2 Three Bedroom Units 3 Two Bedroom Units 2 Units Furnished All

    Property Features

    Accessibility Features Other Assessment Year 2018 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street L St Nw Gross Income 360000.00 Heating Fuel Electric Hot Water Electric Navigable Water YN N Net Operating Income 312000.00 New Construction YN No Number Of Units Total 4 Operating Expense 48000.00 Original MLSNumber 301686637148 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 28209.0 Tax Assessment Amount 3158040.0 Tax Lot 75 Vacation Rental YN No Water Source Public Year Built Effective 2008 Zoning D-1-R Zoning Description The Purpose Of The D-1-R Zone is To Require The Provision Of High-Density HousingWith A Limited Amount Of Commercial Use Only

    Listing courtesy of Washingtopia Real Estate, Llc..
    ©2019 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. 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: 2019-09-20T21:54:53.667.
     
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