305 N. Work St., Ellicott, NY

$1,100,000

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20

Beds

23,215

Square feet

1.40

Acres

About 305 N. Work St.

20-Unit Apartment Complex – Falconer, New York Presenting an exceptional investment opportunity in the heart of Falconer, New York. This well-maintained 20-unit apartment complex offers an income-producing asset in a desirable location with convenient access to shopping, restaurants, schools, parks, and major transportation routes. The property features 18- One bedroom and 2-Two bedroom all electric serviced units, each with its own electric meter, each supplied with stove and refridgerator. Residents enjoy the convenience of two coin operated laundry rooms within the building as well as nearby amenities while benefiting from the quiet, small-town atmosphere that makes Falconer an attractive place to call home. With steady rental demand and proximity to Jamestown, this apartment complex represents an excellent opportunity for both seasoned investors and those looking to expand their multifamily portfolio. The property's size provides economies of scale while offering long-term income potential and opportunities for future value appreciation. Whether you're seeking a turnkey investment or a property with upside potential through strategic improvements, this 20-unit complex is well-positioned to deliver consistent returns. Property Highlights 20 residential apartment units Located in Falconer, NY Convenient access to Jamestown and surrounding communities Close to shopping, dining, schools, and local employers Strong rental demand in an established neighborhood Excellent opportunity for long-term cash flow and portfolio growth Well Maintained!!! This multifamily property combines location, stability, and investment potential, making it a valuable addition to any real estate portfolio.

Features of 305 N. Work St.

MLS® # R1695498
Price $1,100,000
Bedrooms 20
Bathrooms 0.00
Square Footage 23,215
Acres 1.40
Year Built 1938
Type Multi Family
Sub-Type Other
Status Active

Community Information

Address 305 N. Work St.
Area Falconer-Village
City Ellicott
County Chautauqua
State NY
Zip Code 14733

Amenities

Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected, Common Area Maintenance, Other, See Remarks, Snow Removal, Water
Features Corner Lot, Irregular Lot
Parking One Space, Driveway, No Garage
Garages One Space, Driveway, No Garage
Is Waterfront No
Has Pool No

Interior

Interior Laminate, Varies, Vinyl
Appliances Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Heating Baseboard, Electric
Fireplace No
# of Stories 2
Stories 2
Has Basement Yes
Basement Partial, Sump Pump

Exterior

Exterior Blown-In Insulation, Brick
Exterior Features Fence, Gravel Driveway, Private Yard, See Remarks
Lot Description Corner Lot, Irregular Lot
Roof Flat, Membrane, Rubber
Construction Blown-In Insulation, Brick

School Information

District Falconer
Elementary Harvey C Fenner Elementary
Middle Falconer Middle
High Falconer Middle/High

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeReal Estate Advantage
Contact Info716-450-2110

Listing Map

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