The owners of 531 11th Street appear to have done quite a nice job with the three-story brick house. While not as grand as many of the houses in the North Slope, this 2,800-square-foot three-family definitely has charm, though it probably doesn’t make a lot of sense for a family buyer in this current configuration. It’s also tough to make the numbers pencil out as a rental property: At the asking price of $1,895,000, the monthly mortgage alone will likely be well over $10,000 a month, meaning you’d have to rent out each floor-through unit for at least $3,500 a pop just to keep the bank happy. Then there are real estate taxes, maintenance, utilities, etc. Tough.
531 11th Street [Corcoran] GMAP P*Shark