Description
Investment Property, Initial Cap Rate over 10%. Situated at the corner of S. 6th St. and Locust Ave. in Lebanon City, the two-story mixed use property consists of a Laundromat (SoapStone Laundry) on the first floor, while the 2nd floor provides five (5) individual rental rooms and one(1) resident bathrooms. Room rentals are consistent and provide stabilized income. Housing density surrounding the site provides notable laundromat demand. Laundromat is classified as an Essential COVID Business.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
Description
Investment Property, Initial Cap Rate over 10%. Situated at the corner of S. 6th St. and Locust Ave. in Lebanon City, the two-story mixed use property consists of a Laundromat (SoapStone Laundry) on the first floor, while the 2nd floor provides five (5) individual rental rooms and one(1) resident bathrooms. Room rentals are consistent and provide stabilized income. Housing density surrounding the site provides notable laundromat demand. Laundromat is classified as an Essential COVID Business.
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