5609 N NEBRASKA AVE Active

Tampa,FL 33604

$ 939000

5 Beds

4 Baths

3907 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,907 sqft

Price per Sqft $240

Subdivision Prestons Sub

MLS Listing ID TB8338524

Bedrooms 5

Year Built 1935

Annual Tax Amount $9,841

Lot Size 0.260 Acres

New Construction false

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.

Location

State FL

County Hillsborough

Community Prestons Sub

Zoning SH-CI

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Laundry None

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Utilities Available Public

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Special Listing Condition None

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