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Investment Property: Mixed Use Near the Convention Center
1123 11th Street NW
While the shortage of available homes in DC has irked buyers and renters, it has sparked a flurry of interest from investors, both big and small. A building just listed near the Convention Center may help satisfy at least a sliver of that investor demand.
1123 11th Street NW is an approximately 11,400 square-foot mixed-use building located half a block north of Massachusetts Avenue NW (map). The building has five stories plus an English Basement and a roof deck. It was completely renovated in 2008 with five residential rental units and two full floors for commercial use. The apartments consist of a studio, two one-bedrooms, a two-bedroom and a three-bedroom.
The property is currently fully occupied, but a number of the residential leases and one of the commercial leases come up for renewal within the next three months. So, while it is not suitable for an owner-occupant currently, that could change by June. Or an investor with cash to spare could just keep it as is.
More details below.
- Full Listing: 1123 11th Street NW
- Price: $3.5 million
- Total Residential Units: Five
- Total Commercial Units: Two
- Year Renovated: 2008
- Listing Agents: Guy R. d’Amecourt and Gordon Nielsen, Summit Commercial Real Estate
See other articles related to: shaw, investment properties, dclofts, convention center
This article originally published at https://dc.urbanturf.com/articles/blog/investment_property_mixed_use_near_the_convention_center/5307
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