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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.
| DAYS ON MARKET | 381 | LAST UPDATED | 10/24/2024 |
|---|---|---|---|
| YEAR BUILT | 1893 | COMMUNITY | 10 - Richmond |
| COUNTY | Richmond City | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 24, '24 | $1,671,700 |
|---|---|
| Oct 24, '24 - Today | $1,599,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 10 - Richmond |
| CONSTRUCTION | Brick |
| EXTERIOR | Other |
| HEAT | Wall Furnace |
| LOT | 3485 sq ft |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Garden Home |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Liz Moore & Associates
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Last Updated: 12/22/24 1:28 PM PST
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