Business Summary:
9,000 sq ft. site, 2,000 sq ft. Laundromat plus 5 rental units, Building appraises $700,000 rental income $67,8000 ($46,000 cash flow) after Expenses & Taxes. Equipment 2 yrs old, Maytag 3yr warranty left 9 DBL Stacked dryers (18) washers 10(18lbs) 7(30lbs) 4(50lbs) Complete Monitoring system 8 cameras in building. Bill to Bill card system, 2 TV’s, 5 scales plus all equipment. Building is 3 floors, completely rebuild 4yrs ago has 1 apt 1st floor 900 rent 2nd floor (2)1,000 +1,250, 3rd floor 1,000 + 1,500 rent all tenants responsible for heat, hot water, electricity, and gas. Last rental increase 2 yrs ago approved for state section 8 all expenses all apartments contain own heat box , boilers wall hung 12,000 taxes. Building in excellent shape has wide alley in back DVR security system around perimeters of building and thru hallways. Wash +Fold only 5% of business.
|
|
|
