Property profile

1146 Lovejoy St Buffalo, NY 14206

OFF-MARKET
Apartment buildings
Property ID
US63-6012717
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
UPID US63-6012717

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1146 Lovejoy St Buffalo, NY 14206
Buffalo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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