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"
-
0BEDS
-
0.28ACRES
-
0BATHS
-
01/2 BATHS
-
4,863SQFT
-
$472$/SQFT
School Ratings & Info
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"
Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-28T09:26:43.523. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.