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Investment Property: Mixed Use Near the Convention Center

  • March 20, 2012

by UrbanTurf Staff

Investment Property: Mixed Use Near the Convention Center: Figure 1
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 http://dc.urbanturf.com/articles/blog/investment_property_mixed_use_near_the_convention_center/5307

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