Courtesy: Malek Properties, Inc.
845-583-6333
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.
Narrowsburg is located in New York. Narrowsburg, New York has a population of 388. Narrowsburg is less family-centric than the surrounding county with 9.84% of the households containing married families with children. The county average for households married with children is 27.82%.
The median household income in Narrowsburg, New York is $48,438. The median household income for the surrounding county is $63,393 compared to the national median of $69,021. The median age of people living in Narrowsburg is 45.8 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 14.2 degrees. The average rainfall is approximately 43 inches per year, with 51.7 inches of snow per year.
