$899,500 for Sale
5609 n nebraska avenue, tampa, FL 33604
| Beds 5 | Baths 4 | 3,907 Sqft | 0.26 Acres |
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Property Description
EAST SEMINOLE HEIGHTS MIXED USE OPPORTUNITY! 6 sources of income consisting of: A QUAD APARTMENT BUILDING / A RESTAURANT / A LARGE BILLBOARD / & SMALL STORAGE BUILDING. This perfectly located multi-use property is right in the thick of all of the revitalization of homes, new construction, and restaurant concepts. The property is composed of: 4 Unit quadplex (fully rented) A 2/1 (740 sf.), B 1/1 (400 sf.), C 1/1 (560 sf.), D 1/1 (560 sf.), a separate garage / workshop adjacent to apartments (currently a part of restaurant lease); a free-standing Restaurant Property (currently rented Mexican Restaurant) with transferable 2COP liquor license, 1 mono-pole billboard currently on a land lease. The entire property is CI zoned so most uses are welcome on the property. The entire property is fully leased with an annual income of $95,903.40 and a Net Operating Income of $78,106 ... roughly an 8 CAP. All apartment units have been renovated and are leased. 4 years remain on the restaurant lease with tenant having an additional 5 year option thereafter with annual increases. Other recent capital improvements to the property are: A BRAND NEW WATERLINE AND METER TO THE APARTMENT BUILDING, NEW ROOF ON APARTMENT BUILDING, and new perimeter fencing installed. No owner financing is being offered.
General Information
Sale Price: $899,500
Price/SqFt: $230
Status: Active
MLS#: TB8338524
City: tampa
Post Office: tampa
County: Hillsborough
Subdivision: prestons sub
Acres: 0.26
Lot Dimensions: 82 x 137
Bedrooms:5
Bathrooms:4
House Size: 3,907 sq.ft.
Acreage: 0.26 est.
Year Built: 1935
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Concrete
Construction: Block
Exterior Misc: Balcony
Basement: No
Foundation : Slab
Cooling: Wall/Window Unit(s)
Heating: Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $9,842
Legal Description: PRESTON'S SUBDIVISION N 82 FT OF W 145 FT OF LOT 1 LESS W 15 FT FOR ST BLOCK 2
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Edward Moore, Jr. of FUTURE HOME REALTY INC, Phone: 813-855-4982
