5609 N NEBRASKA AVENUE, TAMPA FL 33604

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$939,000

5609 N NEBRASKA AVENUE, TAMPA, FL 33604

bedrooms

bathrooms

square feet

3,907

Acreage

0.26

Open Houses

year built

1935

Full Baths

Half Baths

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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.

Location
Subdivision	PRESTONS SUB
County	Hillsborough
Elementary School	-
Middle School	-
High School	-

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MLS number: TB8340223

Listing agent: Edward Moore, Jr. #3270774

Listing broker: Future Home Realty, Inc (727) 409-3368

Last update: Thursday, January 30 2025 at 2:53 p.m. EST

Kotohomes National