102 N Lombardy Street, Richmond, VA 23220

Property Description

Iconic, mixed-use Fan property at the corner of Lombardy Street and Floyd Avenue consisting of a laundromat (commercial unit) and 3 residential apartments. The laundromat operator's lease will be cancelled at settlement and this space will transfer tenancy free. All equipment will convey so purchaser will have the option to continue the business or redevelop. Well maintained and always rented. Luxurious, 1st level owner's suite (APT 3) plus additional 1-BDRM unit (APT 1) and large, second-level 3 BDRM 2.1 bath unit with deck. All utilities for the laundrymat are separately metered, while the residential units share metering and are paid by the landlord. Please see the attached floor plan for the individual unit square footages, lease summary and P&L. There's also a generous storage room at the rear of the first level (not included in any unit's measurement) and accessible only by the landlord. Rare opportunity combines option to continue a low-involvement business + passive real estate investment. A distinctive property in a superb Fan location.