109 Abeel Street, Kingston

A turn-key opportunity at the heart of the action: This fully renovated 2-unit building located in Kingston's waterfront Rondout district features two floor-through luxury apartments, making it the perfect choice for either a live-in owner looking to offset their mortgage, or an investor seeking a ready-to-earn moneymaker. Each sunny and stylish 1-bedroom unit is separately metered, and boasts its own large living room, gourmet kitchen, oversized bathroom, customized storage and shelving space, in-unit washer and dryer, and high-efficiency heating and air-conditioning system. The downstairs unit is anchored by a sunken living room with 11-foot ceilings, opening to a private, walled backyard with a covered patio perfect for seamless indoor-outdoor entertaining. It also includes an induction cooktop and a 120-inch projection screen. The upstairs unit features exposed brick walls and seasonal views of the Rondout Creek. Kingston's new ''form-based'' zoning code allows for one unit to be offered for short-term rental, even if the owner does not reside in the second unit. Best of all, both units offer true walk-ability to all the independent shops, restaurants, galleries, boat launches and other attractions that have made the Rondout, only 2 hours from Midtown Manhattan, one of the hottest and most architecturally authentic destinations in the Hudson Valley.