5609 N NEBRASKA AVE, TAMPA, FL, 33604
$899,500
Residential Income
Bedrooms
5
Bathrooms
4
Living Area
3,907 Sqft
Lot Size
11,234 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. 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.
Property Details
Property Features Property Features
MLS ID: MFRTB8338524 Year Built: 1935
Construction Materials: Block Cooling: Wall/Window Unit(s)
Country: US Exterior Features: Balcony
Financial Data Source: Owner Foundation Details: Slab
Heating: Electric Laundry Features: None
Levels: Two Listing Agreement: Exclusive Right To Sell
Property Sub Type: Quadruplex Property Type: Residential Income
Road Surface Type: Concrete Roof: Shingle
Sewer: Public Sewer Showing Requirements: Go Direct, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity, Sewer, Trash Collection, Water
Utilities: Public Water Source: Public
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