Ignite FB Tracking Pixel7120 Poverty Hill Road, Ellicottville, NY 14731 - Century 21 Winklhofer
Century 21 Winklhofer
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listing
1 of 49
Single FamilyFor Sale
$950,000
7120 Poverty Hill Road
Ellicottville, NY 14731
Listed by: Verax Real Estate LLC, 716-908-0057
MLS: New York State Alliance
4Beds
3Baths
2,718Sq Ft
Est. Mortgage
$5,004/mo

Discover a bucolic gem and a highly profitable investment opportunity with this dual chalet property in the scenic four-season destination of Ellicottville. Spread across over 2.5 acres of captivating natural beauty, this unique offering consists of 2 well-maintained chalets. Notably, this exceptional property generated an impressive $145,000 in revenue in 2023, is fully pre-booked for the winter season, and is projected to experience a 30% increase in revenue for 2024. The property, sold fully furnished, features granite countertops, a new gym, and a stone fireplace. Its open-flow first floor is ideal for entertaining, complemented by a covered porch and fire pit area for enchanting outdoor living. Significant improvements have been made in the last year, including the installation of 2 new hot tubs. Located just a 5-minute drive from the village and ski slopes, the back cabin, the top-grossing 1-bedroom rental in Ellicottville, is a charming bungalow with a loft bedroom and covered porches. Capable of sleeping 18 guests, the property includes a 2-car garage, central A/C, and updated mechanicals. Short term rentals are allowed. Also listed as ML#B1515296. Sqft measured by agent.

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Information courtesy of Verax Real Estate LLC is subject to verification and is not guaranteed.
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