1123 11Th St Nw

Estimated Monthly Payment: $24,924/mo 1123 11Th St Nw, Washington, DC 20001 MLS# DCDC423990 Commercial Sale Listing Status: ACTIVE
150
52
0
0

REMARKS:

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.

OVERVIEW:

Commercial Sale
ACTIVE
BRIGHT
Mt Vernon Square
1900
0.06
2500
Cool/White, Rubber
Forced Air, Heat Pump(s)
Electric
Central A/C
Public
Public Sewer

FINANCIAL:

4950000
28209
28209

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Washingtopia Real Estate, LLC.

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Capitol Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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