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
This article originally published at http://dc.urbanturf.com/articles/blog/investment_property_mixed_use_near_the_convention_center/5307
Most Popular... This Week • Last 30 Days • Ever
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The project would replace a concrete plant and would deliver the neighborhood's first... read »
Loan recasting is a growing practice- so what is it?... read »
The 25-acre array will produce a quarter of the university's current annual energy co... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro