Laundromat and Multi-Tenant Investment Property

Fall River, MA (Bristol County)

Laundromat and Multi-Tenant Investment Property
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Asking Price: $695,000

Cash Flow: N/A

Gross Revenue: $220,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $698,000

Established: N/A

Laundromat and Multi-Tenant Investment Property

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Business Description

Steady business and rental income with growth potential!

Opportunity to purchase a busy laundromat with a mixed-use commercial/residential investment property. Business has been at the same location with the same owner for over 30 years and has a steady flow of customers. Laundromat has over $150,000 worth of equipment including: 30 dryers, 33 washers, 2 change machines and more! The investment property consists of six rent-able units. There are two commercial spaces, Three 2-bedroom apartments and one 1-bedroom apartment. All spaces are currently rented. Property also includes 20+ car parking lot with two revenue generating, outdoor coin-operated vacuum cleaners

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
6,100
Facilities:
6,100 S.F. +- commerical building. 11,745 S.F. +- land area, Corner Lot, 6 rentable units fully occupied, parking lot with 20+ spaces.
Growth & Expansion:
Property rents are below market rate and can be adjusted by new owners. Five of the six tenants are tenants at will. Multiple opportunities to grow the laundromat. Current owner does not advertise. New owner could offer coupons and specials to attract new customers, mailers to nearby residents and offer punch cards (free wash after so many visits). Also arcade games, Beer & Wine license (if available from the town), lottery (if approved by the state), coffee sales and more.
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(from currently available funds)
 
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Buddy Carp

Business Listed By:
Buddy Carp

Squizzero, Carp & Associates

Show Phone Number

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Sponsoring Broker:
Joe Squizzero

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