1140 E Lovejoy ST, Buffalo, NY 14206
1140 E Lovejoy ST, Buffalo, NY 14206
1140 E Lovejoy ST, Buffalo, NY 14206
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$699,900
Est. payment /mo
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4 Beds
1 Bath
6,105 SqFt
Active

1140 E Lovejoy ST Buffalo, NY 14206

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,105 sqft

Price per Sqft $114

MLS Listing ID B1669845

Bedrooms 4

Full Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $4,930

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 67X130

Property Sub-Type Multi Family

Property Description

Hard to find investment opportunity! Stately commercial mixed use building to include popular neighborhood laundromat business and huge 4 bedroom apartment. This 25 year old business is the only neighborhood laundromat. Laundromat income ranges between $1900-$2300 weekly. Upper apartment is rented at $1495/mo. Garage is rented at $300/mo. Total yearly building revenue is approx. $125,000 and climbing which puts this investment at a desirable 13% CAP rate. Laundromat revenue could be much higher with proper adverting and Google SEO. Very little competition nearby. Brand new Dexter dryers and new Encore washers were just installed March 2026. Installed June 2026 are (3) brand new Dexter 80lb washers, (3) newer 60lb washers, (3) newer 50lb washers and (3) new 40lb washers. Upper apartment is recently painted. All laundromat equipment is sold as-is. Showings of the laundromat can be done any time. Creative financing is available. Upper apartment needs a 24 hour notice after a first showing of the business. Also listed as commercial B1673316.

Location

State NY

County Erie

Area Buffalo City-140200

Rooms

Basement Full, Sump Pump

Interior

Heating Gas, Forced Air

Cooling Central Air

Flooring Carpet, Laminate, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Garage Spaces 2.0

Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Flat,Membrane,Rubber

Garage Yes

Building

Lot Description Corner Lot, Near Public Transit, Rectangular, Rectangular Lot

Story 2

Foundation Block

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Vinyl Siding,Copper Plumbing

Construction Status Existing

Schools

School District Buffalo

Others

Senior Community No

Tax ID 140200-112-420-0004-033-100

Security Features Security System Owned

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Nichol City Realty 716-480-8117

NEARBY SCHOOL & BUSINESS

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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