Current Use by Public Records
- Specialty properties
Property Details for 731 Tx-62
- Lot size
- 0.20 lot acres
- Property type
- Specialty properties
- Property subtype
- Hospitality properties
Description
This exceptional investment opportunity in Buna, Texas, presents a diversified income stream combining a thriving laundromat and a unique short-term rental (STR). The 2,300 square foot property, situated on a 0.2-acre lot at 731 TX-62, boasts a 30% capitalization rate. The laundromat, comprising 1,500 square feet, features 17 washers (40-load capacity), 13 dryers (43-load capacity), two coin machines, a soap vending machine, and a Coke vending machine. Based on August 2024 year-to-date figures, the laundromat generates an annualized revenue of $71,324, representing a 28% return on investment. The property also includes a short-term rental, the only one in Buna, generating an annualized revenue of $11,115, yielding a 36% return on investment. The entire property, including both the laundromat and STR, is offered at $319,000. The building underwent renovations in 2023, and the 2023 property taxes totaled $735.11. This turnkey operation offers a compelling blend of stable income and high growth potential, making it an ideal investment for discerning buyers. The property includes two bedrooms.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buna
- County
- Jasper
- State
- Texas
- Longitude
- -93.9628
- Latitude
- 30.4343
