Rare opportunity to own a turn key legal two-family home in the highly sought-after Putnam Valley School District! Whether you’re an investor looking for strong cash flow or an owner-occupant hoping 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 lives like a 2-bedroom, 1-bath apartment with updated finishes throughout. The property features plenty of off-street parking, a large backyard, and the added privacy of having no neighbors directly behind the home.
Enjoy lake rights to beautiful Lake Peekskill while being conveniently located near shopping, parks, and commuter routes. Whether you are looking to expand your portfolio or create the perfect owner-occupied setup, 20 Melnick Place offers an incredible combination of income potential, privacy, and location within the desirable Putnam Valley School District.
Features
4 bedrooms
2 bathrooms
1387 sq. ft. floor area
crop_free7854 sq. ft. lot size
cottageDuplex
Property history for 20 Melnick Pl
2022
Sold
$405,000
17 May 2022 by Derek Greene, of Greene Realty Group
2018
Sold
$215,000
25 Apr 2018 by Eric Stein, of RE/MAX Distinguished Hms.&Prop
2017
Sold
$182,500
30 Jan 2017 by Marybeth Gillen, of Houlihan Lawrence Inc.
Happy sellers in Putnam County
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Local market activity for 4 bedroom duplexes in Putnam County
Sold
For Sale
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