Listed by Platinum Realty, Platinum Realty LLC
$1,500,000
1607 Little Avenue
Details
APN 64-840-10-02-00-0-00-000
Property Type Retail, Special Purpose
Sub Type Storefront, Business and Building
Square Footage 3,184
Net Rentable (SqFt) 3,184
Cap Rate 10.13%
NOI $152,000
Occupancy 100%
Tenancy Single
Year Built 1960
Lot Size (SqFt) 14,267
Zoning retail
Investment Type Owner/User
Ground Lease No
Retail | 10.13% CAP | 3,184 SqFt
Marketing description
Fully updated and exceptionally well-maintained, this turnkey commercial laundromat is a rare investment opportunity generating approximately $152,000 annually while still maintaining extremely affordable pricing that has not increased in over 5 years. With a loyal and established customer base, modernized equipment, and strong consistent cash flow, there is tremendous upside potential for a future owner. Situated in a high-visibility location with simple operations and low overhead, this business is ideal for both seasoned investors and owner-operators looking for a stable, income-producing asset with room to grow. Clean, efficient, and profitable from day one — this is the kind of opportunity investors wait for.
Listing Contacts
Listed by Platinum Realty, Platinum Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$152,000.00
$12,666.67/mo
Valuation Metrics
0
DSCR
10.13%
Cap Rate
10.13%
ROI
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