$ 1,599,000
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$1,599,000
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SqFt
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About the Listing ABVB01 - 119015
Discover a prime investment opportunity at 5651-5661 Merrick Rd. This income-producing property boasts four diverse units: an established auto repair shop, a commercial lot & outdoor storage space, a residential home consisting of 2 units & full finished basement, and professional office/retail space, all situated in a high-traffic area that ensures consistent visibility and accessibility. The residential component of this property features a one-bedroom apartment leased at $1,200 per month and a two-bedroom apartment renting for $1,300 per month. In addition to residential income, the professional office space is currently generating $900 per month. The auto repair space contributes an impressive projected rental income of $12,000 per month, providing a substantial cash flow and enhancing the property's overall profitability. Strategically located on high-traffic Merrick Rd, this property offers unique access to a dead-end side street from the rear, making it convenient for both clientele and delivery services. The auto repair shop stands out with its brand-new recycled oil heating system, ensuring energy efficiency and sustainability. It is equipped with two 10-foot overhead doors and four drive-on alignment lifts, catering to a high volume of repairs and inspections. This shop also holds a New York State inspection license, attracting even more customers. Combined, these factors make 5651-5661 Merrick Rd an exceptional investment for those seeking diverse income streams in a prime location. Don’t miss out on the opportunity to own this lucrative property with outstanding potential for growth and success!
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Air,Natural Gas,Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Back Yard,Cleared,Corner Lot,Cul-De-Sac,Irregular Lot,Level,Private,See Remarks,No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Actual
- Sewer: Public Sewer
- Parking Features: Alley Access,Driveway,Garage,Heated Garage,Off Street,On Street,Parking Lot,Private,Open,Storage
Financial Details
- Tax Amount: $41,615
- Taxes w/Assessments: N/A
- Tax/Property ID: 2489-53-020-00-0121-0
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5651-5661 Merrick Rd Massapequa, NY 11758
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