Versatile Income Property with Car Wash, Laundromat & Rental Units – 3 Parcels Sold Together (537 W. Fourth St., 547 W. Fourth St., 425 Monroe St.)
Excellent investment opportunity with significant upside potential! This unique commercial property spans three separate parcels (to be sold together) on a busy city corner lot and includes a diverse mix of income-generating components:
Car Wash featuring 5 self-service bays, ideal for steady passive income.
Laundromat equipped with 30+ machines, situated in a high-traffic area.
Two 2-Bedroom, 1-Bath Apartments located above the laundromat—perfect for owner-occupancy or rental income. (Approx. 825 sft each)
Single-Story Studio Brick Home on site, currently rented month to month.
Five additional units on the property (4 currently uninhabitable), offering significant potential for redevelopment or rehab. (Green Color Buildings - 425 Monroe St. Parcel 15-0323-10)
All tenants are on month-to-month leases, with rents currently well below market value—providing immediate value-add potential. Profit and loss statement is available upon request. Please note: No owner carry financing available. Real estate only. Sale will include carwash fixtures and laundromat appliances. Does not include business name or employees, which can be negotiated by the owner separately.
Whether you're an experienced investor or a developer seeking a property with built-in cash flow and long-term growth, this one-of-a-kind offering provides multiple revenue streams and endless potential.