

704 Utica Street Laundromat/Apartment
Mixed Use | 4,332 SqFt
Marketing description
Investment highlights
**Lease includes: Water/Sewage, gas and garbage
-The electric for upstairs is on its own meter and the is the tenants responsibily. I don offer snow removal. The refrigerator, stove and the TV in the kitchen are the furnished appliances per lease.
- $2500 for grid installation and building wall, install doors for bathroom and back room.
-$850 for ceiling tiles, installed myself
-New concrete poured to manufacturers specs for the 6 larger machines
$4500
-Installation of custom bases and washing machines (bases lagged to
concrete, leveled and mortared, placed washers and bolted to bases),
finish plumbing and wiring, start up and test machines, service call to
address issues found and repair after parts came in
$10,000
-Machinery purchased:
-(8) Double pocket 30lb Wascomat dryers $1250/ unit
-(2) 30lb Wascomat hard mount washers $1000/ unit
-(2) 62lb Wascomat hard mount washers $8000/ unit
-(4) 40lb Maytag hard mount washers $4000/ unit
-(2) Wascomat crossovers (currently not in use)
-Change machine $2500
-Soda and snack vending machines $1600
-Service to upgrade/repair both machines $250
-Electrician to wire ceiling lights, change machine and supplies $1000
-New electricity supply and meters $4500
-Renovations to the commercial space:
-New water supply lines throughout
-New gas lines for dryers
-New wiring for dryers
-Center island built new for washers, water lines, and upgraded electrical panel
-New hot water heater
-$20,000 to the contractor for that phase of reno
-Ceiling installation
-Rubber roof 2021
-Boiler 6 yrs old
-Blown in insulation
-Some new windows
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