Atlantic USA LLC
Listed by Atlantic USA LLC
$1,350,000
Laundromat business plus property
Details
Property Type Retail
Sub Type Storefront
Square Footage 2,563
Cap Rate 11.01%
NOI $148,676
Year Built 1970
Year Renovated 2019
Acreage 0.460
Zoning BA
Parking Spaces 15 spaces
Parking Per SqFt 5.85
Investment Type Owner/User
Retail | 20% CAP | 2,563 SF
Marketing description
The sweet spot for laundromat business ! 11% in-place cap rate! This property is located in a densely populated neighborhood with high end stainless heavy duty washers and dryers, just 1 mile from prestigious Yale University. There is 500+- sqft restaurant kitchen space leased to a take-out business that could increase the cap rate to 12.5% !
Income/expenses info:
Annual gross income from the laundromat business: $187,200 subtract (Property tax: 12,884 +Gas: 8,040 + Electric 8,220 + water $3,720 + Dumpster $1,800 + $600 landscaping/snow + $3,260 Insurance) NOI: $148,676 Cap Rate: 11%
Listing Contacts
Atlantic USA LLC
Listed by Atlantic USA LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,676.00
$12,389.67/mo
Valuation Metrics
0
DSCR
11.01%
Cap Rate
11.01%
ROI
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