$599,000
Turnkey investment opportunity in McAllen, TX with a strong 7.2% cap rate—making this a standout option for investors seeking reliable returns. Priced at $695,000, this 2,790 sq. ft. property offers a powerful mix of active & passive income streams. The established laundromat features 24 commercial washers and 28 dryers (most under warranty), plus coin changers and vending machines, generating $75,000 in annual income. You have the opportunity to generate more income from FOUR on-site rental offices, providing steady supplemental income with room to increase cash flow (currently one leased, three vacant). Well-maintained with approximately 16 parking spaces and low overhead, this property is strategically located off Ware Rd and Pecan in a high-traffic area. Not ready to purchase the real estate? You can also buy the business and lease the space—an opportunity you don’t want to miss. Let’s talk!
498964
MLS
809 N Ware Road, Mcallen