Cash Flowing Real Estate Priced Below Market Value

This established & 6 figure cash flowing business is a Coin-Operated Car Wash with very valuable real estate. The Asking Price is $100,000 BELOW MARKET VALUE!! This business is a five bay - 2 automatic and 3 wands - coin-operated car wash. Low maintenance monthly cash flow with no tenants, but a steady stream of traffic, and backed by the value of a hard asset is always a sound investment! This opportunity is priced based on the real estate value from an old appraisal. In fact, the bank recently reassessed the current loan and updated the appraisal. The real estate appraised for approx. $100,000 more than the listed asking price!! This business produces a six figure cash flow - providing an investor with more than enough to cover debt and provide monthly cash flow for MINIMAL time involved. The current owner spends approximately 1 hour per week at the business. REVENUES increased in 2021 from the prior two years! 4 Year AVERAGE Cash Flow is OVER $108,000! Two top-of-the-line automatic washes. One is 4 years old. One is 10 years old, with a rebuilt system. Both are in excellent condition and top brand systems. Wands, hoses & pumps are in great condition, up-to-date, and the business comes with two backup systems, spare parts, hoses, pumps, etc. EQUIPMENT IS UPDATED, UPGRADED & IN EXCELLENT CONDITION!!