This building is a great buy with excellent return for your investment. Building was renovated in 2010. This property would be excellent for an 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. Restaurant could be rented for $3000 per month. Second floor with 2BD/1BA unit rented for $1250 per month. Second floor also has office/efficiency with full bathroom rented for $600 per month. Third floor with 2BD/2BA unit rented for $1160 per month. All units individually metered for electric. Tenants pay for their own utilities except water. Both apartments 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. Building sold As-Is. Showings on Sundays only.
For sale
Price cut: $50K (6/10)
$549,900
1242 W Lombard St, Baltimore, MD 21223
4beds
3,640sqft
Est.:
Single Family Residence
Built in 1920
1,500 Square Feet Lot
$541,900 Zestimate®
$151/sqft
$-- HOA
What's special
Full commercial kitchenBasement for storageGreat exposureCorner buildingHard wood floorsRefrigerator with ice makerBuilt in microwave
- 202 days
- on Zillow |
- 321 |
- 13 |
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