Standardized Operating Procedure of Purchase

Fantastic Investment Opportunity or Owner-Occupant Gem! Welcome to 40 Johnson Street, a beautifully maintained and substantially updated 2-unit multi-family home located in a highly convenient and walkable Lackawanna neighborhood. Perfect for an investor looking to add a turn-key property to their portfolio, or an owner-occupant looking to live in one unit while letting the other pay the mortgage. The upper unit features 2 bedrooms and a brand-new, modern kitchen, new cabinets with butcher block counters, fully equipped with sleek stainless steel appliances and a brand-new independent heating unit. The spacious lower unit offers 3 bedrooms, an updated bathroom, and includes all kitchen appliances. Major mechanical upgrades offer true peace of mind, featuring a 3-year-old boiler, glass block basement windows, and two newer hot water tanks (lower replaced in 2023, upper in 2025). Some newer windows throughout. Outside, you will find a long driveway providing plenty of off-street parking alongside a detached 2-car garage that is perfect for additional storage or tenant use. Backyard is private and even has a small deck to enjoy WNY summers. Both units are clean, vacant, and ready for immediate occupancy. Comparable rents show between $1,200-$1,500/unit. Separate gas and electric meters make utility management simple. Don’t miss out on this solid, low-maintenance Lackawanna double! SATURDAYS OPEN HOUSE HAS BEEN CANCELLED.