$182,000
SOLD NOV 22, 2024

358 and 360 E Elmwood Ave Ellicott, NY 14733

5 Beds
5 Baths
5,260 Sq Ft
1.26 Acres

Recently Sold

$35 Per Sq Ft

2% Below List Price

49 Days on Market

About This Home

As of November 2024

Investment Opportunity: Multifamily and Commercial Property in Falconer, NY. This property has 3 apartments and 1 commercial space that are fully leased.

We are pleased to present a unique investment opportunity in the heart of Falconer, New York, featuring a fully leased multifamily and commercial property. This well-maintained building consists of three residential apartments and one commercial space, offering a diverse tenant mix that enhances investment stability.

This property represents an excellent opportunity for investors seeking a sound revenue stream from a mixed-use building in an established community. Whether expanding your portfolio or looking for a robust entry point into real estate investment, this offering in Falconer, NY stands out as a prime choice.

Last Agent to Sell the Property

Michael McVinney

Listing by ERA Team VP Real Estate Brokerage Phone: 716-640-0104 License #10301214857 Listed on: 05/31/2024

ERA Team VP Real Estate

Last Buyer's Agent

Heather Shea-Canaley

Listing by ERA Team VP Real Estate License #10401281174

ERA Team VP Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,581

Year Built

  • Built in 1985

Lot Details

  • 1.26 Acre Lot
  • Lot Dimensions are 90x400
  • Irregular Lot

Home Design

  • Aluminum Siding
  • Steel Siding
  • Vinyl Siding

Interior Spaces

  • 5,260 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Harvey C Fenner Elementary School
  • Falconer Middle School
  • Falconer Middle/High School

Utilities

  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Rent includes all utilities, gardener, snow removal
  • Tax Lot 1
  • Assessor Parcel Number 063803-371-008-0001-001-000

Community Details

Overview

  • 4 Units

Building Details

  • 3 Separate Gas Meters
  • Operating Expense $24,491
  • Gross Income $43,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,581

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: All Utilities, Gardener, Snow Removal
  • Year Built: 1985
  • Attribution Contact: 716-640-0104
  • Lot Features: Irregular Lot, Residential Lot
  • Road Frontage Type: City Street
  • Directions: Turn off S Work St onto E Elmwood Ave, property will be on the right in .5 miles
  • Flooring: Carpet, Laminate, Tile, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 1.26
  • Waterfront: No
  • Construction Type: Aluminum Siding, Steel Siding, Vinyl Siding

Garage/Parking

  • Parking Features: Concrete

Utilities

  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Falconer
  • Ninth Grade High School: Falconer Middle/High
  • Middle Or Junior School: Falconer Middle

Lot Info

  • Parcel Number: 063803-371-008-0001-001-000
  • Lot Dimensions: 90X400
  • Lot Size Sq Ft: 54810.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: Industrial
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 43485.0
  • Annual Operating Expense: 24491.0
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3

Tax Info

  • Tax Annual Amount: 3581.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Harvey C Fenner Elementary

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $182,000 -1.6% $35 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $185,000 -- $35 / Sq Ft
Source: Chautauqua-Cattaraugus Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael McVinney

    Seller's Agent in 2024

    Michael McVinney

    ERA Team VP Real Estate

    (716) 640-0104

    42 Total Sales

    Michael McVinney
    Section Image
  • Heather Shea-Canaley

    Buyer's Agent in 2024

    Heather Shea-Canaley

    ERA Team VP Real Estate

    (716) 708-5000

    496 Total Sales

    Heather Shea-Canaley
    Section Image
See All Agents

Map

Source: Chautauqua-Cattaraugus Board of REALTORS®

MLS Number: R1538926

Chautauqua-Cattaraugus Board of REALTORS®
New York Chautauqua County Ellicott 14733

358 and 360 E Elmwood Ave, Ellicott, NY

This home is located at 358 and 360 E Elmwood Ave, Ellicott, NY 14733 and is currently priced at $182,000, approximately $34 per square foot. This property was built in 1985. 358 and 360 E Elmwood Ave is a home located in Chautauqua County with nearby schools including Paul B. D Temple Elementary School, Harvey C. Fenner Elementary School, and Falconer Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chautauqua-Cattaraugus Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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