1000 Grant Avenue
Turnkey Investment with Huge Potential Upside
Marketing description
Rent Roll
$823
$771
$918.50
$973.50
$920.70
Commercial Laundromat - Vacant, currently non operational
2025 Gross Rent $51,591.30
Taxes $1,800
Insurance $2,750
Utilities/Trash $12,000
Maintenance/Repairs $2,500
Total Expense $19,050
NOI $32,541.30
PRO FORMA RENT ROLL
16001 2 Bedroom Apt 2026 Housing Authority Fair market Rent
-Tenant paying Electric-
$1,237 x5 = $6,185 Monthly
$74,220 GOI
-$19,050 Expenses = $55,170 PRO FORMA NOI
Investment highlights
Excellent opportunity to own a 5-unit apartment building with an existing main-floor laundromat space that could be reactivated to generate additional income. The upper-level 2 bed 1 bath apartments offer stable income providing steady cash flow, while the street-level commercial space adds versatility and upside. The former laundromat is already configured for its original use, making it an ideal candidate to reopen, modernize, or repurpose depending on your vision. Whether you’re an investor seeking multiple income streams or an owner-operator looking to revive a neighborhood service, this property offers flexibility and value-add potential. A rare chance to combine residential income with commercial opportunity under one roof.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
