38.90521 -77.02666

1123 11TH ST NW Washington, DC 20001

238348663 38.90521 -77.02666 230 /listing/238348663-150203960/1123-11th-st-nw-washington-dc-20001 False 0 4550000.0 11500 105 DCDC425270 False
  • $4,550,000
  • 11,500 sqft
  • 0.06 lot
  • Est payment $24425.38/mo

Property & Neighborhood Info

Courtesy Of Washingtopia Real Estate, LLC.

Multi Family in WASHINGTON

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.

Courtesy Of Washingtopia Real Estate, LLC.
  1. 11,500 Sq. Ft.
  2. 0.06 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1900
  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • County: WASHINGTON
  • Taxes: $26,843.00
  • Tax Year: 2019
  • Units: 4
  • Zoning: The purpose of the D-1-R zone
  • Subdivision: Mt Vernon Square
  • MLS Number:DCDC425270

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Electric
  • Water Heater:
    • Electric
  • New Construction:
    • No
  • Roof:
    • Cool/White
    • Rubber
  • Water Source:
    • Public
  • Lot SF Source:
    • Plat Map/Survey
  • Soil:
    • Urban Land Not Rated
  • Waterfront:
    • No
  • Porch/Patio/Deck:
    • Patio(s)
    • Roof
  • Heating:
    • Forced Air
    • Heat Pump(s)
  • Heating Fuel:
    • Electric
  • Sewer:
    • Public Sewer
  • Accessibility Features:
    • Other
  • Water Access:
    • No
  • Gross Income:
    • 360000.00
  • Gross Income Includes:
    • Apartment Rentals
  • List Type (Exclusive):
    • Exclusive Right
  • Net Operating Income:
    • 312000.00
  • Rental Features:
    • No
  • # of Rooms:
    • 2
  • Assessment Year:
    • 2019
  • Cap Rate:
    • 6.93
  • MLSSystem ID:
    • BRIGHT
  • Operating Expense:
    • 48000.00
  • Possession:
    • Negotiable
  • Price Per SQFT:
    • 491.89
  • Unit 1 Bed Total Units:
    • 0
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Dan Radtke
Dan Radtke
The Freedom Team
7051 Heathcote Village Way Ste 240 Gainesville VA 20155
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38.90521 -77.02666

1123 11TH ST NW Washington, DC 20001

238348663 38.90521 -77.02666 230 /listing/238348663-150203960/1123-11th-st-nw-washington-dc-20001 False 0 4550000.0 11500 105 DCDC425270 False
  • $4,550,000
  • 11,500 sqft
  • 0.06 lot
  • Est payment $24425.38/mo