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1242 W Lombard Street

BALTIMORE, MD 21223
  • $675,000
  • STATUS: Active
  • ON SITE: 328 Days
  • ID#: MDBA2090352
$675,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Great buy with excellent return for your money. Building renovated in 2010. This property would be excellent for owner occupant. You can get an SBA loan with 10% down as owner occupant. First floor restaurant and carry out, seating for 32 people, full commercial kitchen, two half bathrooms, and basement for storage. Everything in the restaurant conveys AS-IS, and new owner will need to have their own Corporation/LLC. New owner will need to apply for new licenses in the name of their new business. Rented to owner for $3000 per month. Second floor with 2BD/1BA unit rented for $1080 per month. Second floor also has office/efficiency with full bathroom rented for $500 per month. Third floor with 2BD/2BA unit rented for $1030 per month. All units individually metered. Tenants pay for their own utilities except water. Both apartment have hard wood floors, range/oven, built in microwave, dishwasher, refrigerator with ice maker. Corner building with great exposure, and plenty of parking. Bus stop in front of building. Owners are Agents in state of Maryland.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Charis Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-17T23:56:44.83.
www.charisrealtygroup.com/homes/140900514
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1242 W Lombard Street BALTIMORE, MD 21223

  • Price: $675,000
  • Status: Active
  • On Site: 328 Days
  • ID#: MDBA2090352
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1920
Built
Neighborhood:
Union Square
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Great buy with excellent return for your money. Building renovated in 2010. This property would be excellent for owner occupant. You can get an SBA loan with 10% down as owner occupant. First floor restaurant and carry out, seating for 32 people, full commercial kitchen, two half bathrooms, and basement for storage. Everything in the restaurant conveys AS-IS, and new owner will need to have their own Corporation/LLC. New owner will need to apply for new licenses in the name of their new business. Rented to owner for $3000 per month. Second floor with 2BD/1BA unit rented for $1080 per month. Second floor also has office/efficiency with full bathroom rented for $500 per month. Third floor with 2BD/2BA unit rented for $1030 per month. All units individually metered. Tenants pay for their own utilities except water. Both apartment have hard wood floors, range/oven, built in microwave, dishwasher, refrigerator with ice maker. Corner building with great exposure, and plenty of parking. Bus stop in front of building. Owners are Agents in state of Maryland.
Exterior Features

Construction Materials Brick Garage YN No Parking Types On Street Property Condition Very Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Basement YN No Building Area Total 4600.00 Cooling Central A/CHeat Pump(s) Fireplace YN No Heating Forced AirHeat Pump(s) Heating YN Yes Net Square Feet 3800.00

Property Features

Acceptable Financing CashConventionalOther Accessibility Features Other Association YN No Central Air YN Yes Condo YN No Construction Completed YN No Cooling Fuel Electric Electric 120/240VSingle Phase Gross Income 0.00 Heating Fuel ElectricNatural Gas Hot Water Electric Municipality Baltimore City Navigable Water YN N New Construction YN Yes Number Of Units Total 4 Operating Expense 0.00 Original MLSNumber 802436347770 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 3068.00 Tax Lot 026 Vacation Rental YN No Water Source Public Year Built Effective 2010 Zoning R-8

Listing courtesy of Carr Realtors: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Charis Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-17T23:56:44.83.
 
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Charis Realty Group
1896 Urbana Pike, Suite 6
Clarksburg MD, 20871