22 Arrowhead Lane

Narrowsburg, NY 12764

$2,449,000
Price
Beds
15,197 Sq. Ft.
$161 / Sq. Ft.
15,197
Sq. Ft.
$161
per Sq. Ft.

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...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.
  1. Listed by Carol Malek • Malek Properties, Inc.
    P: (845)-798-2300 C: (845)-798-2300 carol@malekproperties.com

Amenities

  • Laundry
LISTING UPDATED: 11/08/2024 04:04 PM

Property Details for 22 Arrowhead Lane

StatusActive
MLS #20242260
Days on Market199
Taxes$25,275 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1970
Lot Size20.68 AC / 900,820 SF
CountySullivan County

Building Information for 22 Arrowhead Lane

Stories-Residences16Year Built1970Building Size-Lot Size20.68 AC / 900,820 SF

Property Information for 22 Arrowhead Lane

Summary
Location and General Information
  • Sign On Property YN: No
  • Directions: gps is accurate several parcels
  • Location Tax and Legal:Township: Tusten
  • Zoning: comm
  • MLS Area Major: Sullivan
  • Street Name: Arrowhead
  • Street Suffix: Lane
  • State: NY
  • Zip Code: 12764
  • County: Sullivan
  • Latitude: 41.638877
  • Longitude: -75.046427
  • Unparsed Address: 22 Arrowhead Lane, Narrowsburg, NY 12764
  • Street Number: 22
  • Location Tax and Legal:Zoning: comm
  • General Property Information:Sign On Property YN: No
Taxes and HOA
  • Location Tax and Legal:General Tax: $12,881
  • Location Tax and Legal:School Tax: $12,394
  • Location Tax and Legal:Tax Annual Amount: $25,275
  • Location Tax and Legal:Tax Assessed Value: $453,650
  • Location Tax and Legal:Tax Lot: 9.27
  • Location Tax and Legal:Tax Block: 1
  • Tax Assessed Value: 453650
  • Association Fee: $.00
  • Parcel Number: 9.27,9.28,9.29,9.16,9.1,9.26
  • Tax Block: 1
  • Tax Lot: 9.27
  • Tax Annual Amount: $25,275
School Information
  • Location Tax and Legal:School District: Sullivan West Central Schools
Virtual Tour
  • Total Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Acres: 20.68
  • Below Grade Finished Area: 0.0
  • Total Floor Plans Count: 0
  • Property Type: Residential Income
  • Living Area: 15197.0
  • Property Sub Type: Multi Family
  • Lot Size Units: Acres
  • Lot Size Square Feet: 900820.8
  • General Property Information:Above Grade Finished Area: 15197.0
  • General Property Information:Below Grade Finished Area: 0.0
  • General Property Information:Lot Size Acres: 20.68
Property and Assessments
  • New Construction YN: No
  • Year Built: 1970
  • Video Groups: 0
  • General Property Information:New Construction YN: No
Interior and Exterior Features
Interior Features
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0
  • Bathrooms Total (Notational): 0
Multi Family
Multi-Family Information
  • Number of Units: 16
  • General Property Information:Number Of Units Total: 16.0
Financial Infomation
Income & Expenses
  • Income and Expenses:Financials Available Y/N: Yes
Agent
Sale and Listing
  • DOM: 184
  • MLS Approval Status: Yes
  • Contract Information:Owner Name: Kelly
  • Remarks and Miscellaneous:Addendum: Financial Analysis sheet available upon request
  • Book Information:Section: 5

Schools near 22 Arrowhead Lane

This home is within Sullivan West Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Sullivan West Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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22 Arrowhead Lane is a multi-family home for sale in Narrowsburg, NY 12764. This property was listed for sale on May 8, 2024 by Malek Properties, Inc., it's currently listed at $2,449,000. This listing's school district is Sullivan West Central School District. Nearby schools include Sullivan West Elementary School and Sullivan West High School At Lake Huntington. 22 Arrowhead Lane is a 0-bed, 0-bath, 15,197 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Malek Properties, Inc.

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