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Pilar F Ciaramello · Carr Realtors

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Buy a houseat 1242 W Lombard St, Baltimore, MD 21223

$675,000

$0/mo

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Residential

3,800 Sq. Ft.

1,500 Sq. Ft. lot

4 Bedrooms

6 Bathrooms

515 Days on market

MDBA2090366 MLS ID

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About 1242 W Lombard St house

Up to $20,000 grant available to purchase this excellent income property. 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.
Up to $20,000 grant available to purchase this excellent income property. 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.

Property details

Appliances

Electric Water Heater

Basement

Unfinished

Construction materials

Brick

Cooling

Central Air

Heating

Heat Pump

Forced Air

Electric

Natural Gas

Parking features

On Street

Property condition

New Construction

Sewer

Public Sewer

Monthly cost

Estimated monthly cost

$4,487/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$634,500

+$20,250

$654,750

Seller agent commission$20,250 (3%)*

$0 (0%)

Buyer agent commission$20,250 (3%)*

$20,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

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State

  • Land for Sale in Maryland
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  • Real Estate in Maryland

Unreal Estate checked: Sep 10, 2024 at 1:30 p.m.

Data updated: Aug 16, 2024 at 7:33 a.m.

Courtesy of Pilar F Ciaramello, Carr Realtors
This content last updated on 08/16/2024.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
Listing Information © 2024 BrightMLS. All Rights Reserved.

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