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Listed by: Malek Properties, Inc.
$ 2,449,000
Est. payment | /mo
15,197 SqFt
$ 2,449,000
Est. payment | /mo
15,197 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 15,197 sqft
Price per Sqft $161
MLS Listing ID 20242260
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1970
Annual Tax Amount $25,275
Tax Year 25275
Lot Size 20.680 Acres
Acres 20.68
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.
Location
State NY
County Sullivan
Area Sullivan
Zoning comm
Schools
High Schools Sullivan West Central Schools
School District Sullivan West Central Schools
Others
Tax ID 9.27,9.28,9.29,9.16,9.1,9.26
