Our Mission
DF Properties LLC seeks to own and manage residential properties in high-demand locations, to provide superior residential experiences for our tenants, and maximum financial return to our principals and investors.
Our History and Timeline
In 2008 DF Properties LLC was established with the stated intent of building a profitable residential real estate portfolio in the Washington DC and Virginia Beach VA areas.
It’s first undertaking was the acquisition of 418 A Street SE, Washington DC, in early 2009. This 4-unit building on a tree-lined street in sought-after Capitol Hill, is located four blocks from the US Capitol and minutes from the popular Eastern Market dining and retail area. At the time of purchase the 1875 historic row-house was in ill repair, having been neglected for many years. Through extensive renovations to the apartments and public areas, DF Properties has created a serenely beautiful urban residence where monthly rents have risen steadily and continue to measure favorably against neighborhood comparable rates. In a recent appraisal, the property value had increased in excess of 50% over purchase price. Occupancy rates are consistently at 100%.
In May of 2012 DF Properties purchased a condominium at 1250 4th St SW, Washington DC. This efficiency unit (485 sq ft) in an upscale building at the Waterfront Metro station, was upgraded after purchase with an attractive wall enclosure, making it into a “junior 1-bedroom.” A subsequent kitchen/living area renovation created an open floorplan, and added quartz counters, stainless steel appliances, a faux exposed brick wall, and numerous built-in features. It has steadily increased in value since its purchase, and is expected to show strong appreciation as a result of the adjacent DC Wharf development project – slated to bring hotels, luxury residences, dining, retail and performance venues to the southwest waterfront. The occupancy rate for this unit is at 100% and rental income remains strong.
DF Properties’ third venture was the purchase in 2013 of 1712 West Virginia Ave NE, a 4-unit building. This 1930s-era brick structure is located adjacent to the campus of Gallaudet University, a world-renowned institution for deaf and hearing-impaired students. Vacant at the time of purchase, and requiring extensive renovations prior to habitability, the building now boasts 100% occupancy with average monthly rental rates strong for the Trinidad neighborhood within which it is located. Based on recent sales data, the property value increased nearly 75% over purchase price in the first two years of operation. Future forecasts for the area, which includes the Union Market and Florida Markets condo and retail building boom, position this property to continue its significant growth trajectory.
In the fall of 2014 DF Properties added a third 4-unit building to its portfolio, 2105 M Street NE, Washington DC. This property, adjacent to the southern border of the US Arboretum, boasts beautiful views of expansive greenery from its front windows. It is a 10-minute walk from the popular H Street NE corridor, and is located within blocks of the new DC streetcar line. The apartments are fully renovated and the occupancy rate is at 75%. Although this portion of the Trinidad neighborhood is on a slower trajectory for redevelopment than other sectors, property values have continued to rise, spurred by development on nearby Bladensburg Rd.
In early 2016 DF Properties made its first entrée into the vacation rental market with the acquisition of 111 57 ½ Street, Virginia Beach VA. This spacious and comfortably furnished 4-bedroom home is located steps from the oceanfront, in the desirable North End neighborhood of Virginia Beach. Features include a 2-car garage, an elevator, a large wrap-around top floor deck, and partial ocean views. It can sleep up to 14 persons, and it is currently managed by Hudgins Real Estate, a local vacation rental specialist, for weekly and monthly rentals year-round.
It’s first undertaking was the acquisition of 418 A Street SE, Washington DC, in early 2009. This 4-unit building on a tree-lined street in sought-after Capitol Hill, is located four blocks from the US Capitol and minutes from the popular Eastern Market dining and retail area. At the time of purchase the 1875 historic row-house was in ill repair, having been neglected for many years. Through extensive renovations to the apartments and public areas, DF Properties has created a serenely beautiful urban residence where monthly rents have risen steadily and continue to measure favorably against neighborhood comparable rates. In a recent appraisal, the property value had increased in excess of 50% over purchase price. Occupancy rates are consistently at 100%.
In May of 2012 DF Properties purchased a condominium at 1250 4th St SW, Washington DC. This efficiency unit (485 sq ft) in an upscale building at the Waterfront Metro station, was upgraded after purchase with an attractive wall enclosure, making it into a “junior 1-bedroom.” A subsequent kitchen/living area renovation created an open floorplan, and added quartz counters, stainless steel appliances, a faux exposed brick wall, and numerous built-in features. It has steadily increased in value since its purchase, and is expected to show strong appreciation as a result of the adjacent DC Wharf development project – slated to bring hotels, luxury residences, dining, retail and performance venues to the southwest waterfront. The occupancy rate for this unit is at 100% and rental income remains strong.
DF Properties’ third venture was the purchase in 2013 of 1712 West Virginia Ave NE, a 4-unit building. This 1930s-era brick structure is located adjacent to the campus of Gallaudet University, a world-renowned institution for deaf and hearing-impaired students. Vacant at the time of purchase, and requiring extensive renovations prior to habitability, the building now boasts 100% occupancy with average monthly rental rates strong for the Trinidad neighborhood within which it is located. Based on recent sales data, the property value increased nearly 75% over purchase price in the first two years of operation. Future forecasts for the area, which includes the Union Market and Florida Markets condo and retail building boom, position this property to continue its significant growth trajectory.
In the fall of 2014 DF Properties added a third 4-unit building to its portfolio, 2105 M Street NE, Washington DC. This property, adjacent to the southern border of the US Arboretum, boasts beautiful views of expansive greenery from its front windows. It is a 10-minute walk from the popular H Street NE corridor, and is located within blocks of the new DC streetcar line. The apartments are fully renovated and the occupancy rate is at 75%. Although this portion of the Trinidad neighborhood is on a slower trajectory for redevelopment than other sectors, property values have continued to rise, spurred by development on nearby Bladensburg Rd.
In early 2016 DF Properties made its first entrée into the vacation rental market with the acquisition of 111 57 ½ Street, Virginia Beach VA. This spacious and comfortably furnished 4-bedroom home is located steps from the oceanfront, in the desirable North End neighborhood of Virginia Beach. Features include a 2-car garage, an elevator, a large wrap-around top floor deck, and partial ocean views. It can sleep up to 14 persons, and it is currently managed by Hudgins Real Estate, a local vacation rental specialist, for weekly and monthly rentals year-round.
Our Future
For the foreseeable future DF Properties will remain focused on meeting the needs of our residents and ensuring the future stability and profitability of our properties. Future acquisitions may be evaluated as opportunities arise.