Coin Laundry in Richmond's Fan District - $350K - Historic $40K+ Cash Flow Business

Strategically positioned at the intersection of Lombardy Street and Floyd Avenue, this mixed-use property represents a unique investment opportunity. The ground-floor laundromat is fully equipped with state-of-the-art Speed Queen Quantum Gold machines, featuring five large front-load washers, ten regular-load washers, and sixteen dryers. The business leverages modern technology through the Laundry Boss management platform, generating a consistent monthly gross income of $7,315.

Investors have flexible acquisition options, including a potential lease negotiation at approximately $2,400 monthly or a comprehensive property purchase for $1,499,000 that includes the laundromat and three additional residential units. This versatile investment offers multiple revenue streams and the potential for future expansion in a thriving urban neighborhood.