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
Garage:
Parking Lot
Heating:
Propane, Forced Air
Cooling:
None
Basement:
None
Parking:
35-car
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
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Listing courtesy of Malek Properties (845) 583-6333