$675,000
1242 W Lombard St, Baltimore, MD, 21223
3,800
Square feet
0.03
Acres
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.
Facts & Features
| MLS® # | MDBA2090368 |
|---|---|
| Price | $675,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,800 |
| Acres | 0.03 |
| Year Built | 1920 |
| Type | Multi-Family |
| Sub-Type | Other, Detached |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 1242 W Lombard St |
|---|---|
| Subdivision | UNION SQUARE |
| City | Baltimore |
| County | BALTIMORE CITY-MD |
| State | MD |
| Municipality | Baltimore City |
| Zip Code | 21223 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air, Heat Pump(s) |
|---|---|
| Cooling | Central A/C, Heat Pump(s) |
| Has Basement | Yes |
| Basement | Connecting Stairway, Interior Access, Unfinished |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Exterior Features | Fire Escape, Sidewalks, Street Lights |
| Foundation | Stone |
School Information
| District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
Additional Information
| Date Listed | June 24th, 2023 |
|---|---|
| Days on Market | 311 |
| Zoning | R-8 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Carr Realtors |
|---|---|
| Contact Info | (301) 706-6667 |