Active

5609 N NEBRASKA AVE

TAMPA FL, 33604

$939,000


$240.34 per sqft

Active

5 Beds

4 Baths

3,907 sqft

Multi-family

Built in 1935

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 (usually fully rented except during recent unit renovations) 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 potential stabilized income is approx. $99,564 leaving a potential Net Operating Income of $78,106 and roughly an 8.5 CAP. These are the numbers to expect now that units have been renovated and only one unit remains to be 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.

TB8338524

MLS ID

January 16, 2025

Listed

January 17, 2025

Updated

Map

5609 N NEBRASKA AVE
TAMPA FL, 33604

Interior Features

Total Stories

2


Bedrooms

5


Total Bathrooms

4


Interior Features

Ceiling Fans(s)


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.26 Acres


Exterior Features

Balcony


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

33604 - Tampa / Sulphur Springs


Taxes

$9,842


Tax Frequency

Annually


Days on Market

1


Association Fee Frequency

Monthly


Garage

Yes


Garage Spaces

1


View

No


County

Hillsborough


Municipality

28


Water Source

Public


Pool

No


Zoning

SH-CI

Listed by FUTURE HOME REALTY INC
Listing Contact: 813-855-4982 

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Data last updated 1/17/2025, 5:56 PM UTC

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