Listing Courtesy of: Carol Malek - Malek Properties
845-583-6333
$2,449,000
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22 Arrowhead Ln Narrowsburg, NY 12764
Other
Residence
12
Beds
8
Baths
Sq. Ft.
21
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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 develop...ment. 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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MLS#
H6276898
Property Type
Other
Bedrooms
12
Bathrooms
8 Full
Year Built
1970
Lot Size
21
Sewer
Holding Tank
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