- Bedrooms: 4
- Bathrooms: 2
- Price: $549,000
Rare opportunity to own a legal two-family, move-in ready home in the coveted Putnam Valley School District! Whether you are an investor looking for strong cash flow or a homeowner looking to offset your mortgage with rental income, this property offers exceptional flexibility and value. Currently generating approximately $5,000 per month in rental income, this is a unique investment opportunity in an area where legal two-family homes are rarely available. Both 1-bedroom units have been completely renovated and function as a 2-bedroom, 1-bathroom apartment with updated finishes throughout the home. The property offers ample off-street parking, a large yard, and the added privacy of no neighbors directly behind the home. Enjoy lake access rights to beautiful Lake Peekskill, while being conveniently located close to shopping, parks, and transportation routes. Whether you are looking to expand your portfolio or create the perfect owner-occupant setup, 20 Melnick Place offers an incredible combination of income potential, privacy, and location within the desirable Putnam Valley School District.