873 W Lombard St, Baltimore, MD 21201

873 West Lombard Street presents a 3-unit Hollins Market apartment building with performing in-place income, a central west-side location, and modest remaining upside. Offered at $349,000, the property is projected at a 9.09% cap rate and 11.3% cash-on-cash return. Existing rents are close to market, giving investors current performance without depending on a heavy rent-growth or turnover strategy. nnWith 3.5% down owner-occupied financing, a buyer could live in one apartment while rental income from the remaining units offsets most of the monthly payment. Based on projected rental income of $2,400 and estimated monthly PITI + PMI of $3,064, the buyers estimated net housing cost would be approximately $664/month before other ownership expenses - a compelling alternative to traditional renting while building equity in a 3-unit Baltimore multifamily property. With 20% down, an owner-occupant could live in one apartment for an estimated net housing cost of just $164/month, while rental income from the remaining units offsets most of the monthly payment.nnnThe building includes two two-bedroom apartments and one one-bedroom apartment. Kitchens include wood cabinetry, laminate countertops, 30 gas ranges, and stainless-steel sinks. Bathrooms include modern vanities and steel tubs, with two ceramic tile surrounds and one fiberglass surround. A coin-operated laundry room is located on the first floor.nnEach apartment has its own gas-fired forced-air furnace. Units 1 and 2 are served