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Investor Opportunity: Central African Republic Embassy For Sale

  • January 17, 2011

by UrbanTurf Staff

Investor Opportunity: Central African Republic Embassy For Sale: Figure 1
1618 22nd Street NW

Four-level townhomes in Kalorama can easily fetch several million dollars when listed for sale, so when one hits the market for just $1.3 million, it seems like it must be a deal.

Well, the townhouse that houses the offices of the embassy of the Central African Republic at 1618 22nd Street NW (map) was listed for sale late last week for just that amount. The property is currently being used as offices, so some work would be required if the eventual buyer wanted to convert it into condos or a single-family home. Also, the listing description for the 2,775 square-foot property notes that it is “in need of work”, an indication that the building is in fairly rough shape.

All that said, its Dupont/West End location (near the corner of 22nd and R Streets NW) and its potential value as office space or condos make the property quite attractive to the right buyer.

* Image courtesy of Google Maps.

See other articles related to: west end, investment properties

This article originally published at http://dc.urbanturf.com/articles/blog/investor_opportunity_central_african_republic_embassy_for_sale/2858

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