CCertihomes
360 E Elmwood Avenue, Ellicott, NY 14733

$217,900

0 beds 0 baths 2,460 sqft Built 19250 days on marketActive

About this home

Investment Opportunity: Fully Leased Mixed-Use Property in Falconer, NY We are pleased to present a compelling investment opportunity in the heart of Falconer, New York — a fully leased mixed-use property featuring three residential apartments and one commercial unit. Located in an established and accessible area, this well-maintained building offers a stable and diverse income stream with all units currently leased. The mix of residential and commercial tenants provides strong occupancy security and balanced cash flow potential. Property Highlights: Fully occupied: 3 residential units and 1 commercial space. Strong tenant mix providing consistent income. Located in a well-established community with convenient access to local amenities. Professionally maintained structure with recent updates. Ideal for portfolio expansion or entry-level investment. This property represents a rare opportunity for investors seeking dependable returns from a mixed-use asset in a growing upstate New York Community. Whether you're an experienced investor or entering the market for the first time, this property offers long-term value and stability.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,904/mo

Real estate (PITI + HOA + PMI)
$2,076
Principal + interest$1,398
Property tax + insurance$596
PMI / 2nd mortgage$82
Utilities
$1,597
Heating + cooling$629
Internet + TV + phone$173
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$173
$2,904/mo TLC
Budget$5,000/mo
Remaining after TLC$2,096/mo
Purchase price
$217,900
Down payment
$10,895 (5%)
Loan amount
$207,005
APR
7.15%

Quick facts

Type
COM
Style
Year built
1925
Lot size
1.26 ac
Stories
2
Heating
Electric, Baseboard
Cooling
Water
Public
HOA
Annual tax
$3,581
MLS #
R1625227
County
Chautauqua

At a glance

Basement

Home features

Roof
Asphalt
Sewer
PublicSewer

Lot features

IrregularLot

Schools

Middle
Falconer Middle
High
Falconer Middle/High

Neighborhood — 14733

MetricThis ZIPCountyUSA
Population4,05119,351,094299,088,112
Population Change Since1990-6.00%8.00%20.00%
Population Density151395
Male1,9449,381,926147,432,321
Female2,1069,969,168151,655,844
Never Married7084,946,39163,775,926
Married1,8907,166,701123,120,365
Separated1441,159,67312,639,686
Widowed2901,110,24515,467,586
Divorced3231,210,44823,075,029
Number Of House Hold1,5337,102,016111,826,380
Average House Hold Size2.592.642.60
Medial Age41.4536.5335.46
Median House Hold Income$40,367$49,847$48,276
Average House Hold Income$47,039$70,032$63,629
P C I$18,440$26,569$24,529
M D I$35,160$42,210$41,133
A T H E$42,003$54,185$50,898
S T R8.00%4.00%
W C J80.22%81.55%77.74%
(Zip) Code
14733

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 7/24/2025. Provided courtesy of ERA Team VP Real Estate via Buffalo MLS. Information deemed reliable but not guaranteed.