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22 Arrowhead Road

Narrowsburg, NY 12764
  • $2,449,000
  • STATUS: Active
  • ON SITE: 392 Days
  • ID#: H6276898
UPDATED: 56 min ago
$2,449,000
  • 12
    BEDS
  • 20.68
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 15,197
    SQFT
  • $161
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Information

Elementary School:
Middle School:
School District:

Description

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.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Howard Hanna Rand Realty. Data last updated: 2024-12-04T00:17:12.553.
www.hudsonlivingny.com/homes/145082201
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22 Arrowhead Road Narrowsburg, NY 12764

  • Price: $2,449,000
  • Status: Active
  • On Site: 392 Days
  • Updated: 56 min ago
  • ID#: H6276898
12
Beds
8
Baths
0
½ Baths
20.68
Acres
15,197
SQFT
$161
$/SQFT
1970
Built
Neighborhood:
Tusten
County:
Sullivan
Area:
Tusten
Elementary School:
Sullivan West Elementary School
Middle School:
Sullivan West High School
High School:
Sullivan West High School
School District:
Sullivan West
Property Description
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.
Exterior Features

Attached Garage YN No Construction Materials BlockFrame Lot Features Corner LotLevelSloped Parking Features Parking Lot Parking Total 35 Property Attached YN No Road Responsibility Public Maintained Road

Interior Features

Basement Details None Common Walls No Common Walls Cooling None Cooling YN No Heating PropaneForced Air Hot Water Electric Stand Alone Number Of1 Bedrooms 8 Number Of2 Bedrooms 7 Number Of3 Bedrooms 1

Property Features

Garbage Removal Private MLSArea Minor 99 Number Of Separate Electric Meters 21 Number Of Separate Gas Meters 16 Number Of4 Bedrooms 0 Property Sub Type Multi Family Senior Community YN No Sewer Septic Tank Tax Annual Amount 25275 Tax Annual Amount1 25275 Tenant Pays All Utilities Township Tusten Water Source Well

Listing courtesy of Carol Malek of Malek Properties: 845-583-6333
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Howard Hanna Rand Realty. Data last updated: 2024-12-04T00:17:12.553.
 
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Howard Hanna Rand Realty
46 S Broadway
Nyack NY, 10960