6557 Myrtle AveGlendale, NY 11385

This exceptional mixed-use property at 6557 Myrtle Avenue in Glendale, NY, presents a lucrative investment opportunity. The building, measuring 20 feet by 55 feet, encompasses a total of 3,230 square feet and features a thriving commercial storefront on the first floor, currently generating a monthly rental income of $3,800. Above the commercial space, the building offers two residential units, each providing substantial rental income. The second-floor unit, a three-bedroom, one-bathroom apartment, commands a monthly rent of $2,300, inclusive of water. The third-floor unit, also a three-bedroom, one-bathroom apartment, rents for $2,600 per month, with water included. All other utilities are separately metered for each unit, ensuring efficient cost management for tenants and owner. This property is situated on a lot with no acreage specified, offering a prime location in the vibrant Glendale market. The asking price of $1,699,900 represents a compelling investment opportunity with significant potential for future appreciation and strong, consistent cash flow from both commercial and residential tenants. This is a rare chance to acquire a well-maintained, income-producing property in a desirable area. The current rental income stream provides a solid foundation for immediate returns, making this an attractive proposition for both seasoned investors and those seeking a stable, high-yield investment.