22 Arrowhead RdNarrowsburg, NY 12764

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