Business Description

This building includes 18 apartments with a 10+ year lease laundromat on the premises. The laundromat occupies 2,200 square feet and operates daily from 7 am to 1 am with two employees managing 30 washers and 30 dryers. The laundromat generates over $146,000 in annual revenue and has the option to be sold separately. The building is fully occupied and generates $325,000 in rent revenue per year, with total expenses amounting to $112,000 per year. The apartment building consists of a mix of unit types, including 1 one-bedroom unit, 3 three-bedroom units with 2 bathrooms, and 14 two-bedroom units with 1 bathroom. The building presents a stable investment opportunity with a reliable cash flow from both the residential units and the laundromat business. The laundromat's extended hours and ample equipment provide convenience and value to both tenants and the local community, contributing to