832 1/2 W. Lombard St: 3 Apartments near University of Maryland

832 1/2 W. Lombard St: 3 Apartments near University of Maryland

832 1/2 W. Lombard St: 3 Apartments near University of Maryland

832 W Lombard St, Baltimore, MD 21201, USA

SOLD COMP

$270,000

Property ID :

 Lombard832

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Units
3
Bathrooms
3
Garage
1
Sq Ft.
2496

Description

Totally gut-rehabbed in 1992 this brick townhouse features separate heat pump with central air conditioning, 100Amp electric service to each apartment, separate water heater and multi-story apartments.  First-floor front is a one-bedroom apartment.  First floor rear is a 3-story 2-bedroom 2-bath apartment with a deck.  The second-floor front is a two-story 2-bedroom apartment with vaulted ceilings.

The University of Maryland is one block away.  University of Maryland Biotechnology Park is one block away.

Garage in rear provides additional potential revenue.

Great investment, great cash-flow:

$280,000   investment
$   93,333   per door
$         112   per sq.ft.
99   times monthly rent
7.8% cap rate
10.9% cash-on-cash return on investment

CLICK THE PHOTO BELOW FOR A VIRTUAL TOUR OF THE 3-STORY APARTMENT!

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