These updates made the property highly attractive to tenants.

Once you have a short list, get an account with each one and run them through the wringer to see how they function.

At that point I dont know investing would make any sense, I have heard scary stories I was thinking about short term rentals but that needs constant cleaning after guests and conpetition is very high my friend spent almost 200k out of pockets to buy a property for airbnb and he got 17 bookings per year....

The exterior got a fresh coat of paint, and I added modern fixtures inside to attract buyers.

The exterior got a fresh coat of paint, and I added modern fixtures inside to attract buyers.

Short answer: Yes, laundromats can be profitable, but profitability depends on a few factors.

It's great for managing at the property/unit level, but unfortunately, falls short on managing finances big picture once you add more property.

:-)BTW, I'm actively looking for working partners with some cash to put in for the short to mid-term.

A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals. 

The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."