Price Reduced 4.21%
Price History
$939,000
1/17/2025
$929,900
2/18/2025
$899,500
3/24/2025
5609 N NEBRASKA AVENUE, Tampa, FL, 33604
1935
3,907 sqft
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. Gross income is $95,903.40 with a Net Operating Income of $74,445 ... 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.
Status:
Active
Type:
Commercial
Complex:
PRESTONS SUB
Cooling:
Wall/Window Unit(s)
Levels:
2
Lot Size:
82 x 137
Acreage:
0.26
Est. Taxes:
$9,842
Construction
Block
Days on Market:
66
MLS #:
TB8340223
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Listing courtesy of FUTURE HOME REALTY INC Phone: 813-855-4982