Laundromat and 4 Residential Units (5 Units) - 351 N 6th St Reading PA

Asking Price$799,900

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Laundromat and 4 Residential Units (5 Units) - 351 N 6th St Reading PA


Asking Price$799,900

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Searching for an investment property that offers both stable rental income and an established business? This mixed use opportunity at 351 N 6th St, Reading, PA delivers the best of both worlds with four apartment units and a fully operational laundromat, all included in one sale. The purchase includes the real estate, laundromat business, equipment, and fixtures, making this a true turnkey investment opportunity. The residential units have benefited from numerous updates throughout ownership. Apartment 2 Front has been renovated with a new kitchen, updated bathroom, and newer appliances. Apartment 2 Rear has been partially renovated and also features newer appliances. The first floor apartment includes a new stove, bathroom plumbing updates, and a new sink. Each residential tenant pays their own heat and electric, while ownership is responsible for the water along with the heat and electric serving the laundromat. The laundromat has been extensively improved with upgrades focused on efficiency and long term operation. Recent improvements include updated electrical systems, upgraded plumbing throughout the building, a new entrance door, a renovated office area, and improved basement access with updated stair from not only the exterior but through the security system office room within the laundromat. The business is equipped with a generator supporting the three phase electrical service for the washers, 12 operational washers, 12 dryers with 10 currently in service, an upgraded money machine, a vending machine, and installed skill machines that provide an additional source of income. Per ownership, the laundromat is currently averaging approximately $200 per day in gross revenue. Whether you are looking to expand your investment portfolio or enter the laundromat industry, this property presents an opportunity to own an income producing business alongside four residential units with continued upside potential. Schedule your private showing today!
About the Business
Facilities & Assets
The purchase includes the real estate - 4 residential units and 5th unit laundromat business, equipment, and fixtures.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
5,000
Listing Info
ID
2539513
Listing Views

Listing ID: 2539513 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.