Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
N/A
Look no further, you have just found your next investment for quick positive cashflow. Profitable Laundromat Business and Building in Overbrook section of West Philadelphia. Great investment property to add to your portfolio. Excellent return on investment. Two newly renovated apartments with long-term tenants over top of a fully operational, well maintained laundromat. Front apartment is a studio apartment renting for $625/month. Features an eat-in kitchen, full bathroom and oversized bedroom. Back apartment is 1-bedroom apartment that rents for $575/month. Features a large eat-in kitchen, separate living room, sizable 1-bedroom with attached full bathroom. All units have separate electric, Owner pays cold water for apartments, but heat and hot water are tenants responsibility. The Laundromat features a turnkey business with 15 washers,16 dryers, soda, snack, soap, bag and change machines. Over $110k worth of laundromat equipment and building improvements completed. Located in Overbook area with lots of foot traffic. Conveniently located near bus routes, trolleys and other public transit. Currently running as a passive investment with open/close attendants but owner operator or family owned could absorb the payroll and add more profits to your bottom line. Potential to add a drop off laundry service to increase profits as well. One member of ownership LLC holds an active PA Real Estate License, listing agent and co-listing agent are of no relation and are not members of LLC.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Corner Lot
-
Lot Size(acres)
0.04
-
Property Type
Commercial Sale
Price
-
Sales Price
$260,000
-
Tax Amount
$1,473
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
OVERBROOK
Property Features
-
Sewer
Public Sewer
-
Tax Lot
152
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
OVERBROOK
Listing Courtesy of Kevin R Toll , Keller Williams Main Line
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Owner, Chief Executive Officer, Portfolio Advisor
Todd Polinchock
Call Todd today to schedule a private showing.
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