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Property 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 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.

Facts and Features
: Forced Air, Propane
: No
: No
: Corner Lot, Level, Sloped
: Parking Lot
: Septic Tank
Address Map
Tusten
NY
Sullivan
Property and Construction
: Block, Frame
Sullivan West Elementary School
Sullivan West High School
H37504
MALK01
Sullivan West High School
16
$25,275
: Well
34

Residential Income For Sale

22 Arrowhead Road, Tusten, NY

12 Bedrooms
8 Bathrooms
15,197 Sqft
$2,449,000
Listing ID #H6276898
Basic Details
Property Type : Residential Income
Listing ID : H6276898
Price : $2,449,000
Bedrooms : 12
Bathrooms : 8
Square Footage : 15,197 Sqft
Lot Area : 20.68 Acre
Year Built : 1970
Status : Active
Bathrooms Total : 8
Status : A
Property SubType : Multi Family
Listing Office : Malek Properties
Listing Agent : Carol Malek
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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