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For Sale

$1,399,500

205 days on market

5651-5661 Merrick Road

Massapequa, NY 11758

· 8% down, 7% APR, 30yr fixed

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Listing narrative

Description

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 $10,000 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 agent (MLS): Rosemarie Bozza RENE · Listing brokerage (MLS): Above Board Real Estate Inc

Property Details

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Price

$1,399,500

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.29 acres

Year

Year n/a

Status

For Sale

Days on Market

205

· 8% down, 7% APR, 30yr fixed
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Courtesy of Above Board Real Estate Inc