u/K4iH

I own a small 1 bedroom condo in New Orleans, LA, that I rent for $1350/mo. When I was looking for a new tenanting, several people passed on it because the apartment does not have a washer and dryer in unit. I have started researching what it would take to have washer/dryer hookups installed. The lowest price quoted is $3,500 to install water lines, drain, venting, and power.

Now I have a few of questions:

1. How much more can one ask for rent with an in-unit washer/dryer?
2. Is it worth getting a hookup installed if it takes ~3-5 years to recoup the cost?
3. Can a small all-in-one combo unit work for a rental unit? These require only require 120 volt power and are ventless, but I am dubious of reliability.

Trying to figure out the best way forward t make my unit more marketable. Please note there are coin-op laundry facilities in the building. Thanks.