102 N Lombardy Street Richmond, VA 23220

Iconic, mixed-use property in the heart of the Fan District located at the corner of Lombardy Street and Floyd Avenue. Property consists of a cash-flowing laundromat (commercial unit) and 3 residential apartments. The Laundromat business and assets are to be sold with the sale of the real property. ...Laundry 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 countertops, 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 and electricity, are included in monthly rent and 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 the option to continue a low-involvement, high profit business and passive real estate investment. Net Annual Income is $100,665. Continue reading