Laundry, vending machines, etc need to be in the top line)$94,020 x .5 (50% expense ratio) = $47,010 NOI$47,010/0.08 (8% Cap Rate) = $587,625$47,010/0.07 (7% Cap Rate) = $671,571The real opportunities with these properties is in increasing the NOI and keeping good records to pass to the appraiser and future potential buyers that you did so.  

Ice vending machine - I have just started to look into this.  

These could include decreasing vacancy, increasing rents, charging utilities to tenants, laundry services, vending machines, adding storage units for rent, fixing up the units for higher rents, charging for garages instead of open parking, etc.

My first thought is large vending machines like those from "Twice the Ice" and lease square footage to that person who wishes have one there.

Put a sports drink and water bottle vending machine in there, and now you have an extra source of income.

What about vending machines etc.?

I've wondered about doing this for some of my properties as well.I used to be in the vending machine business years ago, and we had something called the "Money to B.S.

Hi Michael,If it were mine, I'd:(1)  Boot the dealer; and(2)  Pay an independent contractor to clean the area and dispose of the waste; and(3)  Possibly vend it off due to the increased crime/burned down Police Station (lack of PD response) in the area.Good Luck! 

(think 2 am clogged sinks) but benefit from more units under single roof; easier to find property managers for more units; higher income and more income opportunities (vending, laundry & parking & storage income). 

If you already have the space and the machinery set up, I'd keep it and optimize further (i.e. vending machines)