Prime investment opportunity in the heart of the Village of Suffern! This spacious and well-laid-out colonial offers 5 bedrooms, 2 full bathrooms, and two kitchens, providing excellent flexibility for extended family living or income-producing potential (buyer to verify all permitted uses). Situated on a 7,405 sq ft lot with driveway parking, this property features public water and sewer, natural gas heat, and a spacious backyard ideal for outdoor enjoyment, entertaining, or future enhancements. Upon entry, you are welcomed by a spacious entrance foyer that creates a warm and inviting first impression and leads to a nice patio, perfect for relaxing or hosting guests. The first floor offers a functional layout with a kitchen, full bathroom, and three generously sized bedrooms, providing comfortable living space with excellent flow. The second floor features a separate living area with its own kitchen, full bathroom, and two additional bedrooms, allowing for flexible occupancy arrangements. A full unfinished basement provides ample storage and future potential, subject to approvals. Conveniently located near downtown Suffern, shopping, restaurants, schools, and public transportation, including train and bus service, and located within the desirable Suffern School District. With strong rental demand and a versatile layout, this property is well-suited for investors seeking income potential, value-add opportunities, or owner-occupants looking for space and flexibility.