Address
1242 W Lombard Street, Baltimore, MD
Price
$ 675,000
Property Attributes
- MLS#MDBA2090368
- TypeMulti-Family
- CountyBALTIMORE CITY
- CityBaltimore
- NeighborhoodUnion Square
- Zip21223
- StyleColonial
- Year Built1920
- Taxes$ 3068
- Price$ 675,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property 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.
| Price History | |
|---|---|
| 6/24/2023 | Listed $675,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Heat Pump(s) |
| Cooling | Central A/C,Heat Pump(s) |
| Possession | Settlement |
| Exterior Features | Fire Escape,Sidewalks,Street Lights |
| Zoning | R-8 |
| Pool Y/N | No Pool |
| Architectural Style | Colonial |
| Construction Materials | Brick |
| Year Built | 1920 |
| Electric | 120/240V,Single Phase |
| Property SubType | Other |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Section | 07 |
| Accessibility | Other |
| County | BALTIMORE CITY |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | UNION SQUARE |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | MLK to West on Lombard to 1242 on corner of Lombard and S. Carey |
| ModificationTimestamp | 2023-12-11T03:07:50 |
| City | BALTIMORE |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Owner RE Licensee,Prop Disclaimer,Agent has Financial Interest,Agent Related to Owner,Historic Property |
| Total Units | 4 |
| Lot Size Square Feet | 1500.00 |
| Tax Assessed Value | 130000.0 |
| Waterfront Y/N | No |
| Street Name | LOMBARD |
| Tax Annual Amount | 3068.0 |
| Home Warranty Y/N | No |
| Property Condition | Very Good |
| Two Bedroom | 2 |
| Structure Type | Detached |
| Price Per Sq Ft | 177.63 |
| Acceptable Financing | Cash,Conventional,Other |
| Vacation Rental Y/N | No |
| Total SQFT | 4600 |
| Days on Market | 312 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Legal Subdivision | Ward 18 |
| Tax Lot | 026 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric,Natural Gas |
|---|---|
| Basement | Connecting Stairway,Interior Access,Unfinished |
| Hot Water | Electric |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | R |
| Foundation Details | Stone |
| Water View Y/N | No |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 30000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 21223
Price
Taxes
Visits
Year Built
Walkscore
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