102 N Lombardy Street, Richmond, VA 23220

$1,671,700
List Price
$1,671,700
Days on Market
189
MLS#
CVR-2329241
Status
ACTIVE
Type
Commercial
Style
Garden Home
Year Built
1893
County
Richmond City
Region
10 - Richmond

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. Gross monthly income is $11,388.

Additional Information

Acres
0.08
Exterior Features
Other
Roof
Flat, Rubber
Cooling
Central Air
Heating
Individual, Wall Furnace

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Liz Moore & Associates.

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