Contact us: 361-443-7054 or 843-540-3115
RHODE ISLAND AVENUE
Washington, DC NW
A small renovation of a Single-Family Rowhome in a well established and sought out neighborhood of NW Washington DC with a 3-5 minute walk to the Shaw-Howard University Metro Station and Logan Circle. Walk Score ranks this location at a 96 out of 100 for a "walker's paradise" and 99 out of 100 for a "biker's paradise." Several restaurants, amenities and shopping very close by. Our investment partner plans to conduct a full renovation of the 3-level property with rehab and upgrades to the kitchen, bathrooms, basement, flooring, bedrooms and common areas. We will add a half bathroom on the main level to make the home a 3 bedroom 2.5 bathroom property. Expected completion is for August 2019.
Washington, DC NW
The Columbia Heights neighborhood is a culturally diverse neighborhood in northwest Washington DC. It is a major night life area with many bars and restaurants along the primary commercial district of the 18th Street Corridor. Much of the neighborhood is composed of 19th and early 20th century row houses. The property is blocks away from 18th Street (the main commercial district of Adams Morgan) and very close to the Harris Teeter grocery store. This property was given a Walkscore of 97 out of 100 (Walker’s Paradise). This property is conveniently located within walking distance of Dupont Circle, Adams Morgan, the "U" Street Corridor and 14th Street. These four neighborhoods continue to be at the center of DC’s most desirable areas for young professionals and urban condo buyers. The property was purchased in 2015 and completed construction in Spring 2018. The approved plans called for 20 condo units and under ground parking spaces. Project closeout was in November 2018 with investors realizing a 23.3% project return on investment (15.3% annualized).
Washington, DC NW
Ontario Street was planned as a 14 unit condominium development and construction project in the Adams Morgan neighborhood of DC NW. The project closed in early 2017 and shortly thereafter it was pursued by a local area developer for purchase, development, construction and sale. Both JIDI and our DC partner agreed to the sale. Returns for the project over the 7 month duration eclipsed 11.8% (20+% annualized).
Washington, DC SE.
SE Washington DC is located south of East Capitol Street and east of South Capitol Street. The quadrant includes Capitol Hill, the Supreme Court, the Library of Congress, the Washington Navy Yard, the Marine Barracks, Fort Dupont Park, the Anacostia Waterfront, Eastern Market, St. Elizabeths Hospital, RFK Stadium, Nationals Park, the Frederick Douglass National Historic Site and the Anacostia Community Museum. SE Washington DC has a mixed population with politicians and government employees, journalists, professionals, and students residing in the Capitol Hill neighborhood. The area is undergoing a massive transformation and is one of the city’s fastest-growing in terms of employment, entertainment and residential growth. This property is located in the Marshall Heights area of southeast Washington DC. The property is 16,000 square feet & was developed for single-family residential use to build 8 townhome units at 2-3 bedroom and 2-3 bath, 2400 square feet each with two parking spaces behind each unit. This property is located less than a half mile from the Benning Road metro which is on both the Blue and Silver lines just two stops from Eastern Market in Capitol Hill. The project concluded in September 2017 with the sale of the land prior to construction of the townhomes. JIDI earned a return of 40% over the project duration (32% annualized).
Washington, DC NE.
One of the newest investments in our portfolio, this 180+ unit multi-family project is nestled in the heart of the H-Street Corridor of Washington, DC NE. The Property is closely situated to several retail and dining options, entertainment and nightlife amenities, national landmarks and thousands of employers. The property is well positioned to capitalize on one of the nation’s strongest economic and residential markets. JIDI invested in the purchase of one of two parcels of land and remained in the project until the land was entitled with proper zoning. Following the entitlement process JIDI was refinanced by another private equity company who will be taking the project to it's final completion. JIDI investment plus proceeds were recapitalized at a return of 50.7% over the project duration (over 30% annualized).
SOUTH CAROLINA LAND FLIP
Property is located in Oldfield Plantation outside Hilton Head Island, SC. Property was purchased in September 2016 and sold February 2017 for a net return of 40% (96% annualized)
Washington, DC NW.
This highly successful project converted two adjacent row homes into a 20 unit luxury condo building with underground parking. Property is located in the Columbia Heights neighborhood of Northwest Washington DC, within walking distance to the Columbia Heights metro and the DC USA mall and is closely situated to Adams Morgan, downtown Columbia Heights, and the U Street Corridor. These three neighborhoods continue to be at the center of DC’s hottest development areas. It is a highly desirable area for young professionals and first time home buyers. The project presold 16 of 20 units and closeout for JID was in late July 2016. Total JIDI returns were 85% on the investment (32% annualized).
1528 SENSENY ROAD
The subject property consists of two structures (homes). The larger home of the two is a 6 bedroom/4 bath house, 4100+ sq. ft. It was built in 1952, but was fully renovated/rehabbed in 2005 with all systems upgraded/updated and an additional add-on. The majority of the renovation work on the larger home consisted of: a) gutting the basement, adding insulation, re-drywall, and painting; b) new flooring for front half of second basement; c) painting throughout the house; d) new appliances in kitchen; d) carpet cleaning; e) paving the driveway; and f) landscaping. The smaller unit is situated nicely and will serve well as a rental, mother-in-law suite, or older child’s quarters. It has a washer and dryer hookup, small kitchenette, family space, and an upstairs bedroom/loft. It also has a small enclosed unfinished sunroom overlooking the property. Majority of the work on the smaller home consisted of a) new HVAC; b) drywall repair and painting; c) new bathroom toilet; and d) new outside gutters. The project concluded late 2015 and sold in March. JID earned a ROI of 19.3% (38.6% annualized).
405 & 407 DAVID ROAD