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MARKET SNAPSHOT

102 N Lombardy ST Active

Richmond,VA 23220

$ 1599000

- Bed

0 Bath

4649 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,649 sqft

Price per Sqft $343

MLS Listing ID 2329241

Style Garden Home

Construction Status Actual

HOA Y/N No

Year Built 1893

Lot Size 3,484 Sqft

Acres 0.08

Property Description

Remarkable, mixed-use property in the heart of the Fan District located at the corner of Lombardy Street and Floyd Avenue. Property consisting of cash-flowing laundromat (commercial unit) and 3 residential apartments. Laundromat business and assets are to be sold with the sale of the real property. Machines are new & utilize the Laundry Boss platform. Purchaser will have the option to continue the business or redevelop. Well maintained and renovated apartment units: Luxurious, 1st level owner's suite (APT 3) consists of hardwood floors, granite kitchen counter tops, and in-unit laundry. 1 Bath,1-BDRM/Studio unit (APT 1) with LVP flooring and walk-in closet off en suite. Large, second-level 3 BDRM 2 full bath unit with newly renovated kitchen, LVP floors and rooftop deck. All utilities for the laundromat are separately metered, residential units share metering for water only and are paid by the landlord. Additionally, a generous storage room is located at the rear of the first level (not included in any unit's measurement) & accessible only by the landlord. Unique opportunity combines option to continue a low-involvement business and passive real estate investment. Net Annual Income is $101,265.

Location

State VA

County Richmond City

Area 10 - Richmond

Interior

Heating Individual,Wall Furnace

Cooling Central Air

Exterior

Exterior Feature Other

Roof Type Flat,Rubber

Topography Level

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 2

Sewer Public Sewer

Water Public

Architectural Style Garden Home

Level or Stories Two

Structure Type Brick

Construction Status Actual

Others

Tax ID W000-0662-025

Ownership ,Investment,Owner-User

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