Investing in Washington DC (Potential of Randle Heights 20020) (section 8, apartment)

[DMVman1981]

I have heard/read of the development taking place in ward 8 and wanted feedback on the specific area of 20020 (Randle Heights)........I might purchase an investment property in 20020.....


Please see development that I have heard of below.....

South Capitol Street Bridge
St. Elizabeths West - DHS and US Coast Guard
St. Elizabeths East
Skyland Town Center
Poplar Point
Anacostia (in general)
Sheridian Station/Terrace





Any thoughts on if this is a good idea?

[DomRep]

If I'm not mistaken, Sheridan Station had a tough time pricing their condos because there wasn't anything out there to compare it to. I think I would wait another year, year and a half and see. There's not much there yet, I think.

[omoalpha]

hi,
i'm thinking of buying a 6 unit building in Anacostia, do you have any advise for me?

[jokerstars]

You have enough to just...buy a building? Looks like I need YOUR advice! ho ho ho

[omoalpha]

i don't get it. its a 6 unit apartment building. are you saying that is nothing to worry about?

[Mahatma X]

Originally Posted by omoalpha

i don't get it. its a 6 unit apartment building. are you saying that is nothing to worry about?

Rent to Section 8 recipients that's the best advice I can offer for an area like that.