1242 W Lombard Street Baltimore, MD 21223
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.
- Property TypeSingle Family Home
- NeighborhoodUnion Square
- CountyBaltimore City
- Taxes$3,068
- HOA/Condo/Coop Fees$0
- Days on Site57 Days
- MLS StatusActive
- MLS ID NumberMDBA2090366
- Home Size Source Estimated
- Year Built1920
- Lot Size0.03 Acres
- Full Baths4
- Partial Baths2
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General Features
- Style Colonial
- Construction Brick
- Parking On Street
- Sewer Public Sewer
- Basement UnfinishedInterior AccessConnecting Stairway
- Number of Stories Three Or More3
- Acreage 0.03
- Water Public
- Property Sub Type Single Family Residence
- Attached Garage No
- Foundation Stone
- Zoning R-8
Interior Features
- Cooling Central A/ CHeat Pump(s)Electric
- Heating Forced AirHeat Pump(s)ElectricNatural Gas
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- Senior Community No