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!

Listing courtesy of Pagoda Realty ERA Powered



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.