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Updated almost 11 years ago on . Most recent reply

Brie Schmidt's profile image
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Brie Schmidt

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Brie Schmidt
Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
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General Landlording & Rental Properties

Coin Operated Laundry - Worth it

Brie Schmidt
  • Real Estate Broker
  • Chicago, IL
ModeratorPosted

I have some duplex units with no laundry and thinking of putting in coin operated machines.  Assuming in a duplex 4 adults and 2 kids what kind of monthly income should I expect?

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Second City Real Estate
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Brandon Gavett's profile image
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Brandon Gavett
  • Investor
  • from St. Paul, Minnesota
  • Member since Oct 10, 2010

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Brandon Gavett
  • Investor
  • from St. Paul, Minnesota
  • Member since Oct 10, 2010
Brandon Gavett
  • Investor
  • St. Paul, MN
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Brandon Gavett
  • Investor
  • St. Paul, MN
Replied

I have a 4 unit with 3-1s and a studio and at 1.50 wash/ 1.50 dry they bring in anywhere from $50-$80/ mo. I picked up a used speed queen washer and dryer from Coinmach 4years ago for around $275 each and have had zero problems with them. New machines are about double what I paid.

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