Address
1123 11Th Street NW Washington, DC
Price
$ 4,550,000
Property Attributes
  • MLS#DCDC475910
  • TypeMulti-Family
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodMT VERNON SQUARE
  • Zip20001
  • StyleContemporary,Victorian
  • Year Built1900
  • Taxes26843
  • Price$ 4,550,000
  • Bedrooms13
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Washingtopia Real Estate, LLC.
Property Description

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: ~5.54% (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.

Price History
7/7/2020 Listed $4,550,000

General Features

Accessibility Other
Architectural Style Contemporary, Victorian
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County WASHINGTON
Garage Y/N No
Heating Forced Air, Heat Pump(s)
High School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Legal Subdivision OLD CITY #2
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Patio/Porch Features Roof, Patio(s)
Possession Negotiable
Price Per Sq Ft 491.89
Property SubType Other
Property Type Multi-Family
PropertyCondition Very Good
Real Estate Owned Y/N No
Roof Rubber, Cool/White
Sewer Public Sewer
Single Room Units Count 2
Structure Type Other
Subdivision Name MT VERNON SQUARE
Tax Year 2019
Total Units 4
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning D-1-R

Interior Features

Basement Full, Fully Finished, Improved, Outside Entrance
Basement Y/N Yes
Central Air Y/N Yes
Furnished Units All
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Living Area 11500
Three Bedroom Units Count 3

Exterior Features

Lot Dimensions 25 x 100
Lot Size Acres 0.06
Lot Size Source Estimated
Lot Size Square Feet 2500.00
Navigable Water Y/N No
Pool Y/N No Pool
Soil Types Urban Land Not Rated
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20001

Price
AVG $1.83M
$4.55M
Taxes
AVG $9,152
$26,843
Visits
AVG 130
307
Year Built
AVG 1906
1900
Walkscore
AVG 97
98
Data Provided by Walkscore ® not using MLS data

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