4 Homestead Ave, Colonie, NY 12304

Opportunity and flexibility come together in this legal two-family bungalow, ideal for an owner-occupant, multi-generational living, or an investor building their rental portfolio. The first-floor apartment offers 2 bedrooms and 1 bath, while the second-floor apartment features 1 bedroom and 1 bath. Each unit has its own deck, separate electric meter, and mini-splits for heating and air conditioning. Estimated rents of approximately $1,300/month for the lower unit and $1,000/month for the upper unit, plus taxes and insurance, offer potential for $2,300 a month in income and a 10% cap rate. Live in one and rent the other to help offset your housing costs, rent both, or create a comfortable setup for extended family. A detached one-car garage adds parking and storage. With some personal touches and updates, this property offers an opportunity to make it your own while adding value over time. Conveniently located on a pleasant residential street close to shopping, dining, services, and everyday conveniences.