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2550 W LOMBARD ST Baltimore, MD 21223
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Key Details
Sold Price $257,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MDBA2118696
Sold Date 06/15/24
Style Other
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $566
Tax Year 2023
Property Description
Positioned in a burgeoning area of Baltimore and with the combination of renovated apartments and its proximity to business centers and downtown suggests a strong potential for rental income growth. Comprising 5 renovated apartments spread across two lots, this property stands out for its promising Pro Forma 21% Cash-on-Cash (COC) return, showcasing its robust financial performance.
Prime investment opportunity in Baltimore's growing district.
Five renovated apartments across two lots.
Potential for 21% Cash-on-Cash return.
Includes spacious grass area enhancing property appeal.
Great entry price of 75K a door
Featuring Stainless steel appliances, Vinyl wood flooring and tan cabinets
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Other
Heating Other
Cooling Other
Fireplace N
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Other
Water Other
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0320062175 048
Ownership Other
Special Listing Condition Standard
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Bought with NON MEMBER • Non Subscribing Office
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