22 Arrowhead RdNarrowsburg, NY 12764

Property Details for 22 Arrowhead Rd

Year built

1970

Lot size

20.68 AC

Property size (Sq ft)

15,197 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully rented 16-unit apartment building situated on over 20 acres in Narrowsburg, NY. The property comprises three buildings: a main 16-unit apartment building (with potential for expansion), a two-family house requiring rehabilitation, and a separate cottage suitable for rental or laundry facilities. The 16 units, consisting of eight one-bedroom, seven two-bedroom, and one three-bedroom apartments, boast consistently high occupancy and scheduled annual rent increases. The property features 35 parking spaces, meticulously maintained grounds with a shared tenant garden, and extensive road frontage offering significant development potential for additional residential or commercial units. The existing buildings total 15,197 square feet, with a list price of $2,449,000 ($161.15/sq ft). The property includes three buildings constructed in 1970, situated on a 20.68-acre lot (APN: 4800-005-0-0001-009-029). Landlord responsibilities encompass taxes, insurance, common electric, snow removal, landscaping, trash, repairs, and maintenance

Location Insight

City

Narrowsburg

County

Sullivan

State

New York

Latitude

41.596

Longitude

-75.0196

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