$2,449,000 ($161.15 per sqft)

Est. Mortgage $12,223/mo *

Quick Pre-Approval

22 Arrowhead Road, Narrowsburg, (Tusten), NY, 12764

22 Arrowhead Road, Narrowsburg, (Tusten), NY, 12764

12 beds

8 Full baths

1970

Multi Family

15,197 sqft

GOLDEN opportunity!! Very lucrative rental property in the Western Sullivan County Catskills on over 20 acres with room to expand is what savvy investors have been waiting for. This very attractive offering consists of three buildings on two parcels with an additional four vacant parcels for development. Main attraction is a fully occupied 16-unit apartment building (with ability to add more), the second building is a two-family house in need of rehab and third is a cottage-style stand-alone which can be another rental unit or laundry facility for the tenants. The 16 units are always occupied and continuously up to date on rent with a waiting list and scheduled annual increases. There are eight 1-BR apartments, seven 2-BR apartments, and a 3-BR. The grounds are meticulously maintained with shared garden for the tenants and an enormous amount of parking. Extensive frontage on two roads, ability to add commercial and a multitude more residential units, along with a steady stream of income makes this a cash cow! Landlord pays the usual expenses: taxes, insurance, common electric, plowing, mowing, trash, repairs, and maintenance. Tenants pay all electric and propane for heat, cooking, and hot water. Narrowsburg is a lovely, quaint, and bustling river town in a very desirable area. Financial analysis report is available upon request.


Status:

Active

Town:

Narrowsburg

Type:

Multi-family

Units:

16

Heating:

Propane, Forced Air

Cooling:

None

Basement:

None

Parking:

35-car, Parking Lot

Acreage:

20.68

Est. Taxes:

$25,275

Construction

Block, Frame

Lot Description:

Corner Lot, Level, Sloped

Elementary School:

Sullivan West Elementary School

Middle School:

Sullivan West High School

High School:

Sullivan West High School

School District:

Sullivan West

MLS #:

H6276898


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Malek Properties 845-583-6333