1146 Lovejoy StBuffalo, NY 14206
- Apartment buildings
Property Details for 1146 Lovejoy St
- Property type
- Apartment buildings
Description
This three-story, nine-unit apartment building located at 1146 E Lovejoy St, Buffalo, NY 14206, presents a compelling investment opportunity. The property is zoned N-3C and offers a current cap rate of 8.4%, indicating strong rental income potential. The building's prime location in the heart of Lovejoy provides convenient access to local amenities, enhancing tenant desirability and occupancy rates. The well-maintained condition of the building further contributes to its attractiveness as a stable investment. With nine units spread across three floors, this multifamily property offers a diversified income stream and potential for future growth. The asking price is $750,000. This property is ideally suited for investors seeking a high-yield, low-maintenance investment in a thriving urban neighborhood. Its strong performance and location make it a smart buy with significant long-term upside potential. The property's current success and the potential for further value appreciation make it an attractive addition to any investment portfolio. Serious inquiries are encouraged.
Location Insight
- City
- Buffalo
- County
- Erie
- State
- New York
- Latitude
- 42.8901
- Longitude
- -78.8058
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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