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laundry mats are forever making coin, so ya, thats a good investment. but just be prepared for all the up-front costs of updating shit (the appliances, cosmetic shit you mentioned, insurance, etc etc etc)
but in the long run, ya, they're great to have. dont forget to grab a pepsi machine too & put it in there (hike up the prices pretty good too, trust me, you'll make coinage lol) and something that sells chips.
i know someone back in pittsburgh that has an apartment building (thats a shitty one in the ghetto) and he makes MAD bank of this building & laundrymat (downstairs). i know him cuz hes my dads landlord (lol) but my dad is a truck driver and comes home for like a day each month, so he just rents out a shitty apartment till he retires. but ya, great investment!
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