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 units have been completely renovated and each 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.
Property Features
Utilities
Cable Available
Electricity Connected
Propane
Water Features
Private
Well
Waterfront and Water Access
Waterfront Access
Cooling Information
Varies by Unit
Heating Information
Electric
Parking
Driveway
Basement
Unfinished
School Information
School Information for 20 Melnick Place, Lake Peekskill, NY 10537