This listing is a mixed-use Real Estate and Business investment opportunity with a well-maintained coin operated laundromat for sale in Minneapolis. The offering includes the Real Estate and operating Laundromat. The Laundromat is ran unattended and remotely monitored as needed by the seller through a newly installed security and camera system. A contracted cleaning crew comes through daily and coin collections are done twice a week. All equipment is meticulously maintained, as is the building. The asking price for the Real Estate and Business is $725,000, priced at a 10% Capitalization Rate plus estimated equipment value of the Laundromat.
Investment Property and Laundromat for Sale in Minneapolis
The laundromat operates in in 1,452 square feet of the building owned by the seller and included in the offering. The other tenants include a 3-bedroom residential rental, a 1-bedroom residential rental, and another 1,400 square foot commercial tenant. A full rent roll and equipment list is available. Many improvements have been made to the property and laundromat including updated HVAC, windows, interior remodel, and security systems.