4 Lake St, Richfield Springs, NY 13439

4 Lake Street, Richfield Springs, NY Mixed-Use Investment Property - Close Laundromat to Cooperstown Asking Price: $259,900 Building Size: 3,640 sq ft total Laundromat Area: Approx. 1,500 sq ft Major New Equipment Investment • $50,000+ invested in two brand-new 30-lb Speed Queen washers • 5 New Speed Queen top-load washers • 7 Continental ExpressWash 22-lb machines • 10 commercial dryers • Vending machine + 2 change machines Why This Property Wins • Closest laundromat to Cooperstown • Serves 300,000+ annual Hall of Fame & tournament visitors • High demand from traveling baseball families & teams • Strong Airbnb/VRBO market: 400+ rentals within 15 miles • Two rental units provide stable recurring income • New equipment reduces maintenance and boosts reliability Value-Add Opportunity • Add wash-and-fold service • Add commercial linen accounts for Airbnbs and rentals • Create Google Business listing (currently not listed) • Increase machine count in 500-700 sq ft expansion space • Improve signage & curb appeal • Raise rents to market rate Laundromat Income Approx. $30,000/year with no marketing, no wash & fold, and minimal visibility. Residential Income • 3BR Apartment: $1,000/mo • Studio Apartment: $750/mo Total Residential Income: $21,000/year Tenant-Paid Utilities Tenants pay: heat, electric, and hot water (if this needs adjusting, tell me and I'll update). Financial Summary • Gross Income: ~$51,000/year • Estimated Expenses: ~$20,000/year • NOI: ~$31,000/year • Cap Rate: ~11.9% Highlights Closest laundromat to Cooperstown, high tourism demand, major new equipment, strong rental base, and large expansion area. Exceptional value-add opportunity with multiple income streams and high visibility.