property-description
DISCOVER A POSITIVE CASH FLOW INVESTMENT OPPORTUNITY IN THE HEART OF ELMVALE! Welcome to 30 Queen Street West. This property in downtown Elmvale offers a lucrative investment opportunity, featuring a thriving high-end laundromat & three 2-bed/1-bath apartments & one 2 bed/1.5-bath apartment. Substantial positive cash flow as one of the last remaining cash business opportunities. With a prime location, it ensures a constant flow of customers & desirable tenants. The laundromat has a loyal clientele, an outstanding reputation & fully-owned (no rentals) modern equipment, guaranteeing a positive return on investment. The apartments provide additional revenue streams with a brand-new 2-bed main floor unit with a magazine-worthy kitchen & some updates to the upper units. The plumbing & electrical have been completely updated for peace of mind. The property has a potential annual revenue of $132,000 at current market rates. Tenant parking is gated with fob access. Vacant possession is avail. (id:38686)
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detailsSection.headers.propertyDetails
Property Tax
: $5,047Last Updated
: Mon, April 29, 2024Mls Num
: 40542335Listing Date
: Feb 17, 2024
detailsSection.headers.propertyFeatures
Property Type
: detailsSection.listingTypeId.101Sq Ft Raw
: detailsSection.sqftSub Division
: SP73 - Elmvale
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Sewer
: Municipal sewage system
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Exterior Features
: Brick, Metal
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