General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated 11 months ago on . Most recent reply

Should I add a laundry room to a multi-unit
I have an apartment in a multiunit that was never finished. it would really become an awkward apartment if I tried to finish it. Its centrally located to the other units, and it would be the perfect size for an laundry area.
My questions:
1. Are pay for laundry units worth operating?
2. What considerations should I have if I add this? New plumbing?
3. What am I not thinking of? None of my other units have pay for laundry, so this is a new thing for me.
G
Most Popular Reply

If you can increase an additional $200-250/unit that might be something to consider. However, you would need to consider the cost of installing a new in unit washer dryer set. Would you need to add/extend plumbing lines / change the electrical panel for the dryer voltage.