22 Arrowhead LnNarrowsburg, NY 12764

This exceptional investment opportunity in Narrowsburg, NY, presents a lucrative multi-family complex spanning over 20.68 acres. The property comprises three buildings situated on two parcels, with an additional four vacant parcels offering significant expansion potential. The main attraction is a fully occupied 16-unit apartment building, boasting eight one-bedroom, seven two-bedroom, and one three-bedroom unit. This building consistently maintains high occupancy, with a waiting list and scheduled annual rent increases. A second building, a two-family house, requires rehabilitation, presenting a value-add opportunity. A third building, a cottage-style structure, could serve as an additional rental unit or a tenant laundry facility. The grounds are impeccably maintained, featuring a shared tenant garden and ample parking. The property benefits from extensive road frontage, allowing for the addition of commercial and residential units. Current expenses covered by the landlord include taxes, insurance, common electric, snow plowing, lawn mowing, trash removal, repairs, and maintenance. Tenants are responsible for their individual electric and propane costs for heating, cooking, and hot water. Located in the desirable river town of Narrowsburg, this property offers a substantial and stable income stream, making it an ideal investment for discerning buyers. The total square footage is 15,197 square feet. A detailed financial analysis report is available upon request.