Property summary
Exceptional investment opportunity in Kersey, Colorado! This unique property, located at 426 1st St, combines a well-established laundromat with significant rental income potential. The 1,536 square foot building, constructed in 1934 and situated on a 0.22-acre lot (APN R4157386), is zoned C and offers a diverse range of income streams. The laundromat itself has been recently updated and has enjoyed decades of successful operation. In addition to the laundromat, the property includes a two-bay car wash (one bay currently operational), a one-bedroom apartment, and a separate shop. The apartment, recently rented for $1,100 per month, and the shop, previously rented for $800 per month, present immediate opportunities for rental income generation. The asking price of $429,900 includes all existing equipment and fixtures. This single-story building presents a rare chance to acquire a turnkey business with substantial upside potential through maximizing rental income from the vacant apartment and shop. This is a truly unique opportunity to own a profitable business and generate passive income. Don't miss out on this exceptional investment opportunity!
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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Car Wash
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Location Insight
- Alternative use
- Local Zoning Insight