107 S. Montgomery St, Clarksville, AR 72830

Home Based Business Laundry with Home and 2 Commercial Store

Work form home! Laundromat with Home and 2 commercial store front rentals all on the same lot. Coin operated laundry with 5 folding tables, 2 vending machines, 6 rolling baskets, 14 single pocket natural gas dryers, change machine, 4 large front load washers, soap vending machine, customer seating, window AC, two - 100 gal water heaters, six Maytag front loaders, 12 top load washers, security features. The laundry portion is about 80' x 26' = 2.080 Sqft. 2 commercial store front rentals located in the same, 3,796 sq ft bldg. 750 sq ft each store, rents for $225 month each. The separate, 1,200 sq ft 3 BR/2 bath house is currently being rented for $525 month on a month to month. Seller indicated space above the two stores could be turned into a one bedroom apartment as well as a 6 foot space behind a false wall in the laundry area. The home and store fronts are currently rented. The laundromat portion of the operation has been closed due to the loss of the manager. In 2015 the total gross income for the property, (Self service laundry, rent house and 2 commercial store front rentals) was $51,609, minus expenses, and was the lowest priced "cost per load" laundry in town so room to raise prices and extend hours. Includes 5 folding tables, 2 vending machines, 6 rolling laundry baskets, 8 chairs, 2 window A/C units, 14 commercial gas dryers, 1 change machine, 4 large front load washers, 1 soap vending machine, two 100 gal water heaters, 4 Neptune front loads, 2 small front loads and 8 commercial top load washers. Seller indicates the laundry portion could use 10 new top load washers and 2 new front load washers to start making money on the laundry portion again. (Brand new commercial coin-op top loads cost about $1,000 each and a 60 lb front load Huebsch commercial washer runs about $9,000 each). Most lenders want a down payment = 20% of appraised value. One blk off Main St and Police Dept. Pre-qualified buyers please.