Active

102 N Lombardy St

Richmond VA, 23220

$1,599,000


$343.94 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

November 22, 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

322


Garage

No


View

No


County

Richmond City


Water Source

Public


Pool

No

Listing History

Date

Event

Price

10/24/2024

Price change

$1,599,000

-5%

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: 11/22/2024

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