1242 West Lombard Street Baltimore, MD 21223

$675,000
4
Beds
5
Baths
0.03
Acres
3,800
SQFT
178
$/SQFT
$675,000
4
Beds
5
Baths
3,800   sf
$178 / sf
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off the market
1/13
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Up to $20,000 grant available to purchase this excellent income property. 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.

Up to $20,000 grant available to purchase this excellent income property. 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.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Baltimore City
  • Tax Amount
    $3,068
  • Status
    OM
  • Listing #
    MDBA2090366
  • Built
    1920
  • Lot Size
    0.03
  • Listed on site
    446 days
  • Listing Agent Id
    121134997684

Listed by:
Carr Realtors

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • New Construction
  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning

Style

  • Colonial

Property History

DateDays AgoEventNew Price
Nov 16, 202310 mos agoPrice decreased14,900 (2%)$675,000
Sep 16, 202312 mos agoPrice decreased10,000 (1%)$689,900
Jul 25, 20231 yr agoPrice increased24,900 (4%)$699,900
Jun 24, 20231 yr agoNew on market$675,000
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