Washington, DC NE
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).
- Project Name: 49th Street
- Project Category: Residential Development