Home | Newsletter | Advertise
loading...

Fundrise Launches Second Investment Opportunity on H Street

  • May 2nd 2013

by Shilpi Paul

Fundrise Launches Second Investment Opportunity on H Street: Figure 1
906 H Street NE

Fundrise, the crowdsourced real estate development site, has launched their second public offering at 906 H Street NE (map).

906 H Street NE is a 6,510 square foot, two-story building owned since 2012 by WestMill Capitol Partners (WCP), the development arm of the group behind the Rise companies. WCP plans to find a restaurant or retail tenant for the space, which needs a good bit of renovation. They hope to be finished with construction in the fall of 2014.

Like the last Fundrise project at 1351 H Street NE, DC and Virginia residents can buy into this property for $100 a share; the total offering for Fundrise investors is $350,000, so 3,500 shares are on offer. The remainder of the investment is coming from private sources.

This time around, however, Fundrise is giving investors a hint at the return: they project gaining $180,000 in net income every year, and hope to offer investors a 7 percent annual yield. The costs and full financials are laid out in detail here.

With yesterday’s announcement that the streetcars will be traveling on H Street by the end of the year, it seems like a good time for the Fundrise folks to move forward with their second H Street Corridor project. The site is also across the street from the H Street Connection shopping center, which is slated to be turned into a sizable mixed-use project.

Similar Posts:

See other articles related to: 906 h street ne, fundrise, popularise

This article originally published at https://dc.urbanturf.com/articles/blog/fundrise_launches_second_investment_opportunity_on_h_street/7012.

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!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse