$ 1,599,000
102 N Lombardy ST Richmond, VA 23220
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$ 1,599,000
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Price Dropped by $72K
102 N Lombardy ST Richmond, VA 23220
4,649 SqFt
UPDATED:
10/24/2024 05:29 PM
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
Listed by Liz Moore & Associates