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22 Arrowhead Road, Narrowsburg, NY 12764

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For Sale

$2,449,000

12 beds • 8 baths • 15,197 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $161.15
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# H6276898

Courtesy Of Malek Properties

(845) 583-6333

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Heating System
    Forced Air
  • Lot Size
    20.68 Acres

Map and Directions

Directions to 22 Arrowhead Road, Narrowsburg, NY 12764

Home seller CENTURY 21 Geba Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Geba Realty

(845) 856-6629
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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