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Updated over 7 years ago on . Most recent reply

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137
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51
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David K.
  • Investor
  • Attleboro, MA
51
Votes |
137
Posts

Coin Ops profitable for you?

David K.
  • Investor
  • Attleboro, MA
Posted

Generally how much are you taking in a month....  Thinking of upgrading a 3 family I have, but with the coin ops and electrical work, I'm figuring about 5k total to get going.  Trying to gauge if its worthwhile....

Most Popular Reply

User Stats

606
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697
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Bettina F.
  • Investor
  • Post Falls, ID
697
Votes |
606
Posts
Bettina F.
  • Investor
  • Post Falls, ID
Replied

We make about $60 bucks a month on our coin ops in our 6 plex.  Our tenants also each have a "laundry alcove" with  washer and dryer hookups and a scissor gate. Currently only two residents have washers and dryers, the others just use their alcoves for extra storage.   We bought the coin ops used, as most laundromats in our area are going to card systems.  It is not a profit center, it is a convenience that helps our building be more competitive.  We spent $1400 on 2 used commercial washers and 2 dryers.     

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