14 N Elm St, Colfax, IA for sale

Investment Overview

Thriving laundromat and a set of well-maintained apartments. The laundromat offers a steady income stream with a loyal customer base, while the apartments provide additional rental income. Built in 1979, this property is a solid and reliable investment in the heart of Colfax, IA. All Laundromat plumbing and electric has been updated in 2018, new asphalt in 2020, water heater replaced in 2025, exterior remodel in 2025, water softener updated in 2024, five of the apartment units have all been updated between 2022-2025. Three 1 bedrooms, two 2 bedrooms, one of those with a garage, and a studio apartment. Many more details available upon request.

Investment Highlights

• Constructed in 1979
• Prime location within the Colfax area
• Steady income from laundromat
• 6 Well-maintained apartments, fully leased
• Solid and reliable investment opportunity