504 Tower Avenue, Maybrook, NY 12543

Property Description

Live in one, let the others help pay the mortgage. Welcome to 504 Tower Avenue in the Village of Maybrook, a three-family home with approximately 2,674 square feet of living space on a 0.16-acre lot. The building is laid out side by side. The left side is a spacious 3-bedroom, 2-bath unit of about 1,300 square feet. The right side holds two 1-bedroom, 1-bath units of about 700 square feet each, one on the 1st and one the 2nd floor. Separate entrances give every household its own private space. The 1935 home has classic character throughout, including hardwood floors, warm wood trim, and sun-filled enclosed porches. Natural gas heat, public water and sewer. Outside, a long paved driveway leads to a large detached two-car garage with room for parking, storage, or a workshop. Off-street parking is always available right outside your home, full unfinished basement, a walk-up attic, and a backyard add flexibility and storage. Live in the 3-bedroom and rent both 1-bedrooms, or live in a 1-bedroom and rent the rest. Either way, rental income can offset a meaningful share of your monthly ownership cost while you build equity. Investors gain a well-located income property in a village setting with steady rental demand. The home sits in the Valley Central School District, close to local shops, restaurants, and parks. The Hudson Valley is at your doorstep. You can enjoy dinner and live music at City Winery Hudson Valley in neighboring Montgomery, or tour Brotherhood Winery in Washingtonville, America's oldest winery. Storm King Art Center, Schunnemunk State Park, Stewart State Forest, and the area's apple orchards and farm markets are all a short drive away. For commuters, I-84, the New York State Thruway, I-87, and Stewart International Airport are all close by. Ask your lender for your Own vs. Rent financial snapshot showing estimated monthly costs at 5%, 10%, and 20% down.