1146 Lovejoy St Buffalo, NY 14206
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.