Are you looking to expand your investment portfolio with a high-performing, income-generating property? Look no further than 1146 E Lovejoy St, Buffalo, NY—a 9-unit apartment building situated in the heart of the Lovejoy neighborhood. With a strong 8.44% Cap Rate and the potential to exceed 10%, this property is a fantastic opportunity for both seasoned and first-time investors.
Key Highlights:
✅ 9 Total Units – A mix of well-maintained apartments, offering steady rental income.
✅ 7 Units Currently Occupied – Immediate cash flow with reliable tenants in place.
✅ Strong Cap Rate – Currently operating at 8.44% with room for increased returns.
✅ Potential for Higher Income – With strategic rent adjustments and minor improvements, this property can reach a 10%+ Cap Rate.
✅ Desirable Location – Situated in the Lovejoy neighborhood, a charming Buffalo community near restaurants, shops, and public transportation.
Why Invest in Lovejoy?
Lovejoy is a well-established neighborhood known for its convenience, local charm, and high demand for rental properties. With easy access to downtown Buffalo, major roadways, and a variety of nearby amenities, rental demand remains strong, ensuring steady occupancy and long-term growth potential.
Seize This Opportunity Today!
Properties like 1146 E Lovejoy don’t last long in today’s competitive market. Whether you’re an experienced investor looking to expand your portfolio or a newcomer seeking a profitable, turn-key investment, this apartment building offers stability, strong cash flow, and future growth potential.
Interested in learning more? Contact us today for financials, a property tour, or additional details!