Mixed-Use Investment with
For Sale
Contact for pricing
4 Lake Street, Richfield Springs, NY 13439
Mixed-use property with an on-site laundromat and two residential rental units generating recurring income.
Property Size3,640 SF
Days on Market108
Property Features for 4 Lake Street
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Mixed Use
Financials
Cap Rate
11.9%
Business Included
Yes
Additional Details
Multifamily Units
2
Listing Agency:
COOPERSTOWN REALTY LLC
Listed By:
Samantha Halpern
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 21 at 1:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COOPERSTOWN REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use investment property includes an approximately 1,500-square-foot laundromat area and two residential rental units. The residential component consists of a 3BR apartment and a studio apartment, with tenant-paid heat, electric, and hot water. The laundromat offers major new equipment upgrades, including $50,000+ invested in two new Speed Queen 30-lb washers, five new Speed Queen top-load washers, seven Continental ExpressWash 22-lb machines, and ten commercial dryers, along with vending and change machines.
The seller describes the laundromat as a close option for Cooperstown-area visitors and tournament traffic, with ongoing demand supported by the property’s residential income base. The listing also notes an expansion space of approximately 500–700 square feet for additional machines.
At a high level, the listing projects gross income of about $51,000 per year and estimated expenses of about $20,000 per year, for an estimated NOI of about $31,000 per year.
The seller describes the laundromat as a close option for Cooperstown-area visitors and tournament traffic, with ongoing demand supported by the property’s residential income base. The listing also notes an expansion space of approximately 500–700 square feet for additional machines.
At a high level, the listing projects gross income of about $51,000 per year and estimated expenses of about $20,000 per year, for an estimated NOI of about $31,000 per year.
Key Highlights
- Mixed‑use investment property at 4 Lake Street, Richfield Springs, NY with 3,640 SF total building size
- On‑site laundromat with approx. 1,500 SF and major new equipment investment of $50,000+
- Laundry equipment includes two brand‑new 30‑lb Speed Queen washers, 5 new Speed Queen top‑load washers, 7 Continental ExpressWash 22‑lb machines, and 10 commercial dryers
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 13439, NY
3,681
Population
2,192
Households
1.7
Avg Household Size
49
Median Age
30%
College-Educated
88%
High-School Grad
87.9 sq mi
ZIP Area
42
Density / Sq Mi
$63,681
Median Household Income
$35,818
Median Earnings
$827
Median Rent
$184,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use property with an on-site laundromat and two residential rental units generating recurring income.
Where is this duplex located?
The property is located at 4 Lake Street Richfield Springs, NY.
What are key features of this property?
This property features: Mixed‑use investment property at 4 Lake Street, Richfield Springs, NY with 3,640 SF total building size; On‑site laundromat with approx. 1,500 SF and major new equipment investment of $50,000+; Laundry equipment includes two brand‑new 30‑lb Speed Queen washers, 5 new Speed Queen top‑load washers, 7 Continental ExpressWash 22‑lb machines, and 10 commercial dryers
