1. Florida
  2. Tampa
  3. 5609 N NEBRASKA AVENUE
$899,500

5609 N NEBRASKA AVENUE, Tampa, FL 33604

  • 5 beds |
  • 4 baths |
  • 3,907 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $230/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Under contract-accepting backup offers. 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.

Listing Status:
Pending
Date Added:
January 16, 2025 at 06:00AM
Listing Office:
FUTURE HOME REALTY INC : 813-855-4982
Listing Agent:
Edward Moore, Jr. : 813-781-3622
MLS ID:
TB8338524

This listing courtesy of Edward Moore, Jr., FUTURE HOME REALTY INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Seminole Heights Grammar School

6201 N Central Ave, Tampa, FL, 33604

Grades PK-5

0.44 miles away

M

Memorial Middle School

4702 N Central Ave, Tampa, FL, 33603

Grades 6-8

0.78 miles away

H

Hillsborough High School

5000 N Central Ave, Tampa, FL, 33603

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.