Incredible mixed-use opportunity for 12-unit apt building & laundromat. Nestled between the West End & UC, the 8-unit building on the left contains 6 1-bedroom units & 2 2-bedroom units. Tenants pay electric & rents for $750-$975/mo. The building on the right includes the laundromat & 4 efficiency units above. The owner pays all utilities & rents for $642-$800/mo. 100% occupied w/9 units on mo-to-mo leases. Large, open courtyard on backside of building. 3 2-car garages, currently used for storage can be leased out for additional income. Laundromat is not in operation but includes multiple coin laundry sets that are believed to be in working order. Roof over laundromat is approx 3 years old. Rubber roof on 8-unit building is in good condition but year is unknown. Boiler age is unknown but supports all units. Separate water meters per building. Easy to rent and even without laundromat or garage rental income, generates $113,052/yr. 3 units and common areas available for showings.
Courtesy of Brett Keppler with TREO, REALTORS
Courtesy of Brett Keppler with TREO, REALTORS
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