5 months on rocket

22 Arrowhead Rd, Narrowsburg, NY, 12764

$2,449,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
8 Full Baths
15,197 SqFt
$161/SqFt
Multi
Schools Nearby

Location

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22 Arrowhead Rd, Narrowsburg$2,449,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingParking Lot
Year Built1970
HeatingPropane, Forced Air
CoolingNone
MLS #H6276898
Lot Size20.68 Acres
StatusActive
(A)

About 22 Arrowhead Rd

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.

Property Details

Property Features

Property Information:

  • Year Built: 1970
  • Living Area: 15,197 SqFt

Listing Office:

  • Office Name: Malek Properties
  • Office Phone: (845) 583-6333

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: Corner Lot, Level, Sloped
  • Lot Size: 20.68 Acres

Utilities

Utilities Information:

  • Heating: Propane, Forced Air
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,449,000
  • Price Per SqFt: $161/SqFt
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Housing Market Comparison

See how this home compares to others in Narrowsburg, NY.

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Narrowsburg, NY

City

Med. Sold Price

$411K

Med. Price/SqFt

$246

Avg. Days On Market

73

# of Sold Homes

4

22 Arrowhead Rd vs Narrowsburg

178 DAYS ON ROCKET

+105 Days

$2,449,000

+$2.0M More

$161/SqFt

-$85 Less

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $85/SqFt less than other homes in Narrowsburg, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6276898

Listing Office:

  • Office Name: Malek Properties
  • Office Phone: (845) 583-6333

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/4/2024, 9:11:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,409

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5865903
7
/10

  • Damascus Area School

  • 174 High School Rd

  • 4.34 miles

  • Public District Grades KG-8

school-card-donut-5865904
5
/10

  • Sullivan West Elementary School

  • 33 Schoolhouse Rd

  • 11.11 miles

  • Public District Grades PK-6

school-card-donut-5865905
5
/10

  • Lakeside Elementary School

  • 129 Lakeside Dr

  • 12.54 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,483. Residents of Narrowsburg, NY typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Sullivan County›Narrowsburg›12764›22 Arrowhead Rd

This home is located at 22 Arrowhead Rd in Narrowsburg, NY and zip code 12764. This 15,197 square foot home, which was built in 1970, sits on a 20.68 acre lot. Features: 12 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since November 08, 2023 and is currently priced at $2,449,000.

Over 1 listings were sold over their listed price in April 2024 in Narrowsburg, NY. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Narrowsburg, NY between March 2024 and April 2024 decreased by 9.1%. Listings spent 73 days on the market in April 2024, and had a median list price of $411,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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