9.7% CAP!!! Three additional properties available. Exceptional investment opportunity in Salt Lake County. This recently remodeled laundromat, features the latest modern equipment and advanced management technology that allows you to monitor and control machines from your home, car, or on the slopes. In addition to retail coin revenue, the portfolio includes professionally managed hotel laundry contracts that provide consistent, diversified income and enhance overall cash flow stability. The four-location offering is priced at $6,000,000 and includes: 1315 West 500 North, Salt Lake City (Rose Park), 3520 West 3500 South, West Valley City (Star Coin Commercial Lease for Sale),1962 S 1100 East, Salt Lake City (Sugarhouse Commercial Lease for Sale) All four locations are coin-operated laundromats that have been recently renovated with updated equipment and systems. The first two properties are owner-occupied real estate. The Sugarhouse and West Valley City locations are commercial leasehold interests with long-term leases that include five-year extension options. This offering provides the opportunity to acquire a stabilized, multi-location laundry platform across established Salt Lake County submarkets, supported by modernized operations and diversified revenue streams. Detailed financials available upon request. Do not disturb tenants or employees.
Kearns is located in Utah. Kearns, Utah has a population of 71,185. Kearns is more family-centric than the surrounding county with 42.18% of the households containing married families with children. The county average for households married with children is 38.99%.
The median household income in Kearns, Utah is $76,639. The median household income for the surrounding county is $82,206 compared to the national median of $69,021. The median age of people living in Kearns is 30.3 years.
The average high temperature in July is 91.9 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 19.5 inches per year, with 54 inches of snow per year.
