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5651-5661 Merrick Rd

massapequa, NY 11758

$1,499,000

    Interested? Let's Connect

    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!

    Details

    6,000 Sq Ft

    0.291 Private Acres Lot Size

    commercial

    $3,468 Monthly Tax

    MLS/Listing ID 987265

    5661

    4 Units

    Amenities & Features

    Heating - Oil

    Heating - Natural Gas

    Lot - Private

    Lot - Level

    Public Water

    Public Sewer

    Lot - Back Yard

    Parking - Alley Access

    Parking - Driveway

    Parking - Garage

    Parking - Heated Garage

    Parking - Off Street

    Parking - On Street

    Parking - Open

    Construction - Block

    Construction - Brick

    Construction - Frame

    Accessible Entrance

    Parking - Parking Lot

    Parking - Private

    Parking - Storage

    Lot - Cleared

    Lot - Corner Lot

    Lot - Cul-de-sac

    Lot - Irregular Lot

    Estimate my mortgage

    TOTAL MONTHLY COST

    $0

    • PRINCIPAL & INTEREST

      $0

    • PROPERTY TAXES

      $0

    • Common Charges

      $0

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