This Peekskill duplex gives you some options for additional income, or additional living space…
Option 1: You need a primary residence as well as rental income. The two units are on the first and second floors, and each offers two bedrooms, brand-new floors, new appliances, and abundant natural light. Rent one, live in the other. Pay your mortgage and take the reduced taxes for making this a year-round residence.
Option 2: You need a residence for yourself as well as a family member or close friend. Move into one unit, move your mother-in-law/cousin/grown child into the other. The upstairs unit comes with a walk-up attic, while the downstairs unit includes a finished basement.
Option 3: You need housing, and your friend/family member needs housing, so you split the cost and buy it together. Sure, sounds risky, but, with housing becoming increasingly difficult to afford in the Hudson Valley, it’s not such a far-fetched idea.
Option 4: Buy it, and rent out both sides. Hire a property manager if you can’t live nearby.
Whatever option you choose, you’ll be getting a stylish home with roof, windows, gas heat, central air-conditioning, tankless on demand hot water heater, porch, and patio. Ample off-street parking, as well. The .19-acre property is situated walking distance to Peekskill city shops, restaurants, public schools, and Depew Park. Listed for $525K.
Does this Peekskill duplex fulfill a need in your life? Find out more about 1119 Elm Street, Peekskill from Coldwell Banker Homes.