Active
102 N Lombardy St
Richmond VA, 23220
$1,671,700
$359.58 per sqft
Active
4,649 sqft
Commercial
Built in 1893
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.
2329241
MLSⓇ ID
December 8, 2023
Listed
August 23, 2024
Updated
Map
102 N Lombardy St
Richmond VA, 23220
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Individual, Wall Furnace
Exterior/Building Features
Lot Size
0.08 Acres
Exterior Features
Other
Lot Features
Level
Architectual Style
Garden Home
Roof
Flat, Rubber
Sewer
Public Sewer
Other Property Details
Area Name
10 - Richmond
Days on Market
238
Garage
No
View
No
County
Richmond City
Water Source
Public
Pool
No
Listed by Liz Moore & Associates, Lauren Gerardi, [email protected]
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Date last updated: 8/23/2024