
Est. Monthly
$3,318/MO
1140 E Lovejoy Street, Buffalo, NY
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.
Est. Monthly Payment
$3,317.51
Private Mortgage Insurance
Not required
Private Mortgage Insurance
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