935 Wildwood Avenue SE

Description

Price Reduced! 1,800 sq ft laundromat with a 600 sq ft apartment. This award-winning Wishy Washy laundry is 1 1/2 blocks from the multi-million development in the works by the City of Cleveland to revitalize downtown. How many of the 300+ proposed apartments, many of which will be rented by Lee University students, will need laundry services? Roof, electrical, and plumbing updated in 2018. Laundry has numerous washers and gas powered dryers handling various weights. All are coin operated but can be converted to accept credit/debit cards. Vending machine and change machine convey. 24-hour indoor and outdoor lighting system. State of the art video recording and surveillance system with integrated, monitored alarm system. All machines are in good working order with the exception of two which have been purchased, but not yet installed. Includes 4 laundry buggies. Paved parking lot with parking at the side and rear. Creative private lender financing with 15% down payment. Call listing agent for details and showings. (14) Washers - (7) 25lb Wascomat units, approximately 10 years old (one is used for parts) (4) 50 lb Milnor units, approximately 15 years old (2) 45 lb Wascomat units, approx 10 years old (1) - 30 lb Speed Queen Washer - Approximately 18 years old Washers Ready to Be Installed: (4) - Whirlpool 25 lb dryers - brand new. One needs a coin box. (20) Dryers - (4) 50 lb Dexter dryers installed in 2018 (4) 30 lb Dexter dryers installed in 2018 (12) 30 lb Maytag dryers installed in 2018 1 - Large snack and drink vending machine approximately 5 years old 1 - Change machine - Installed in 2018 1 - Soap Machine - Age unknown 1 - Non-prescription Medical Vending Machine 1 - Tabletop Multigame - 60 games - approx 3 years old. No issues to date. $850 per month from apartment rental income. The current tenant oversees the laundromat and will move upon close of sale. Owner will consider financing a bridge loan with 15% down.