Welcome to 29 Elm Avenue, Hempstead-a rare opportunity to own a fully legal two-family Colonial offering exceptional flexibility, income-producing potential, and tons of possibilities. Featuring 4 bedrooms and 5 baths, this beautifully updated home showcases modern finishes throughout, detailed moldings, refinished hardwood floors and vaulted ceilings. Major improvements include brand-new siding, a high-efficiency Navien gas heating system, upgraded 200-amp electrical service, and numerous interior updates. Each unit features its own separate entrance, with an additional side entrance serving the main unit. Separate gas and electric meters add convenience and functionality to this fully legal two-family property. Set on a spacious lot, another standout feature is the expansive private driveway, comfortably accommodating 8+ vehicles. The large backyard offers generous outdoor space with plenty of potential. Conveniently located near shopping, dining, transportation, parks, and major roadways, 29 Elm Avenue offers the hard-to-find combination of a fully legal two-family residence, modern finishes, major capital improvements, separate utilities, substantial parking, and a move-in-ready feel. A unique opportunity with tremendous potential!