Coin Laundry??

Question

We are renovating a duplex and thinking about purchasing a coin washer? Thoughts? We pay water... Any recommendations on where to purchase a unit?

James Ray · Answer

try this company limited resources for coin laundry conversion kits

Good Luck

Thomas S. · Answer

In a duplex you will barley recoup the cost of machines and maintenance. Long term solution would be to invest in metering separate water between units install washer & dryers in units and bill back the water usage.

My opinion is that coin op machines will only end up as a additional expense.

Carlos Tavares · Answer

my opinion is always do coin op. that way you can recover some of the money from laundry to pay the water and sewer bill and it usually will pay for itself in one year. an like others have said and know first had, there is a very high possibility for abuse, a friend of mine had his included in rent then one day he went by the house the people that didnt even live there was using it .. smh

Michelle C. · Answer

when it is free, people will do laundry much more frequently, sometimes be wasteful, and sometimes abuse it.  we have free laundry in our building and sometimes find they are being wasteful and are washing 1 item at a time, such as a rug. no wonder the laundry machine is always in use!  also i found they used our machines to wash clothes for charity, and that day the laundry was in use ALL DAY long and no one else could use it.  we are thinking of switching to coin laundry just to curb this kind of behavior.

Remmy Vernon · Answer

Just for two units?

A decent commercial quality washer ( that is normal sized - not like in a laundry mat ) will cost you anywhere between $800-$1,200. But if only for two units, you might be able to pick them up off craig's list. Lowe's has some as well.

We have 2 washers and 2 dryers in a 10 unit and make about $500 over 2 months. We pay for water. It serves us well.

Parker Fairfield · Answer

@James Ray

Have you used the conversion kits?

Glen Whipkins · Answer

I also have a question about this, are there machines available that use a debit/credit card instead of coins you have to empty on a regular basis?

Josh H. · Answer

I'm new to the forums but I'm researching a deal and considering getting a couple coin operated washers and dryers.  I have heard great things about Speenqueen brand.  I called them today to see about leasing options, but do to my location that option wasn't available.  Company located in Miami FL - however you have to pick up or set up your own freight to have them shipped.I found a local retail store that can order them for me if my real estate deal goes through.https://www.speedqueen.com/washer and dryer refurbished $1050 for set 30 day warrantywasher and dryer new $2100 for set (can't remember warranty information)

Maybe this will help someone.

Pete T. · Answer

I would not do for a 2 unit.  good advice I received was 8 units and up.  that way the payback comes faster to make up for the cost of the machine, repairs, space utilized, water, etc.

Coin Laundry??

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