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1242 W Lombard Street,  Baltimore MD, 21223

(Active)
$675,000
|
4 beds, 4 Full/2 Half baths, 3,800 sqft
|
MLS# MDBA2090366
Last Updated: 6/2/2024 11:57 AM
Description for 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.
Price
$675,000
UNION SQUARE
BALTIMORE CITY
4
4 Full/2 Half
3,800 (approx)
MDBA2090366
Active
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.
Listing Information
Property Type: Single Family, Colonial, 3+ Story
4 4 Full/2 Half
0.03 Acres 3,800 (approx) 1920
3 Brick
UNION SQUARE
Public
Public Sewer
Neighborhood
School Information
District: BALTIMORE CITY PUBLIC SCHOOLS
Room Information
Bathrooms
4 2
Interior Features
3,800 Sq. Ft. Above Ground
Electric Water Heater
Central Air
Gas Heat, Electric Heating, Heat Pump, Forced Air
Unfinished
Exterior / Lot Features
On Street
Brick
New Construction
Driving Directions
MLK to West on Lombard to 1242 on corner of Lombard and S. Carey
Financial Considerations
0318070233 026
$3,068
Listing Price History

Baltimore Real Estate

Baltimore is located in Maryland. Baltimore, Maryland 21223 has a population of 596,345.

The median household income in Baltimore, Maryland 21223 is $30,755. The median household income for the surrounding county is $53,821 compared to the national median of $66,222. The median age of people living in Baltimore 21223 is 38 years.

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Courtesy: Carr Realtors
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 6/2/2024 11:57 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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