6101 S Vermont Avenue

Description

Excellent opportunity! Real Estate and Newly remodeled Coin Laundry for Sale(See Business Listing CV20099036).Real Estate built in 1995 with an additional tenant that provides additional income. A neighborhood mini market established from approximately 1995 (approx. 1,800+/- sf. Corner property with private enclosed parking lot with two driveways on two different streets providing easy access. Property has approximately 14 parking spaces which finding a property with parking is a rare commodity in properties in the area. Spacious and recently upgraded/remodeled Coin Laundry(approx. 3,103+/- sf) with newer top of the line Dexter Express Line equipment (approximate cost invested in equipment upgrade of $480,000. Equipment installed in December 2017). The Express Line equipment helps in keeping utility costs down by using less electricity and gas. Dexter Express washer line spins at 200g-force to remove more water and also saving time in the dryer letting customers finish their laundry in record time therefore making these washers a clients favorite. Water filtration system and soap vending provide additional income.Upside to Laundry mat:AReal estate price is $2,295,000 (4.5% cap rate) and Coin Laundry $1,100,000 Total asking $3,395,000.Coin laundry can be sold separately but real estate must be purchase with business."Do not speak to employees or mini market owner(tenant) as they are not aware of the sale"