1123 11th St Nw, WASHINGTON, 20001

Multi-Family - Other, Other For Sale in MT VERNON SQUARE

$4,550,000

Beds
Baths
11,500Sqft
.06Acres
1900Built
301DOM
MLS® #: DCDC425270
Active, 301 Days on Market

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.

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Price & Status History

Date Details
Price Increased from $4,500,000 to $4,550,000
Price Reduced from $4,950,000 to $4,500,000
Price Reduced from $5,350,000 to $4,950,000

Essential Information

MLS® #: DCDC425270
Price: $4,550,000
Condo Coop Fee: $0
Bathrooms: 0.00
Square Footage: 11,500
Acres: 0.06
Year Built: 1900
Type: Multi-Family
Sub-Type: Other, Other
Style: Contemporary, Victorian
Status: Active
Taxes: $26,843
Tax Year: 2019

Community Information

Address: 1123 11th St Nw
Subdivision: MT VERNON SQUARE
County: WASHINGTON-DC
State: DC
Zip Code: 20001

Interior

Heating: Forced Air, Heat Pump(s)
Cooling: Central A/C
Has Basement: Yes
Basement: Full, Fully Finished, Improved, Outside Entrance
# of Stories: 6

Exterior

Exterior: Brick and Siding
Exterior Features: Roof Deck, Patio
Roof: Rubber, Cool/White

School Information

District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Listing Office: Washingtopia Real Estate, LLC.
Date Listed: May 3rd, 2019
Days on Market: 301
Zoning: D-1-R

Financials

$/SqFt: $396

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than TTR Sotheby's International Realty are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2020.

Listing information last updated on February 27th, 2020 at 11:04am EST.