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$2,449,000
6 Days Online

22 Arrowhead Road
Narrowsburg, NY 12764

For Sale|Multi-Family|Active
County:
Sullivan
Listing courtesy of Malek Properties 845-583-6333

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22 Arrowhead Road22 Arrowhead Road22 Arrowhead Road22 Arrowhead Road
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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 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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Listing Snapshot
Price 
$2,449,000
Days Online 
6 Days
Bedrooms 
12
Inside Area (SqFt) 
15,197 sqft
Total Baths 
8
Full Baths 
8
Partial Baths 
N/A
Lot Size 
20.68 Acres
Year Built 
1970
MLS® Number 
H6276898
Status 
Active
Property Tax 
$25,275
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing updated with changes from the MLS®
6 days agoListing first seen online
General Features
Construction 
BlockFrame
Parking 
Parking Lot
Parking Spaces 
35
Sewer 
Septic Tank
Basement 
None
Acreage 
20.68
Water 
Well
Property Sub Type 
Multi Family
Garage Spaces 
0
Attached Garage 
No
Interior Features
Cooling 
None
Heating 
PropaneForced Air
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Exterior Features
Lot 
Corner LotLevelSloped
Community Features
Township 
Tusten
Senior Community 
No
Schools
School District
Sullivan West
Elementary School
Sullivan West Elementary School
Middle School
Sullivan West High School
High School
Sullivan West High School
Listing courtesy of Malek Properties 845-583-6333


Based on information submitted to the MLS GRID as of 2024-07-16 01:55 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
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