Should I install a coin-operated washer-dryer in 2-family?

[Monica Chan]

Hi all,

I’m currently in contract for a 2-family in Jersey City (newly renovated in B/C area). There are no washer/dryer in either unit, and the closest laundromat is 0.5 miles away. I’m considering installing a set of coin-operated washer/dryer machines in the basement common area, 1) to make the units more appealing to renters, and 2) to make a tiny little bit of side money from the machines. Do you think the machines would be a worthwhile investment?