1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty

5609 Nebraska Avenue, TAMPA, FL 33604

Priced at Only: $929,900

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  • MLS#: TB8338524 ( Residential Income )
  • Street Address: 5609 Nebraska Avenue
  • Viewed: 70
  • Price: $929,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1935
  • Bldg sqft: 0
  • Bedrooms: 5
  • Total Baths: 4
  • Garage / Parking Spaces: 2
  • Days On Market: 52
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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony
  • Living Area: 3907.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 1.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s)
  • Legal Description: PRESTON'S SUBDIVISION N 82 FT OF W 145 FT OF LOT 1 LESS W 15 FT FOR ST BLOCK 2
  • Levels: Two
  • Area Major: 33604 - Tampa / Sulphur Springs
  • Parcel Number: A-31-28-19-4KE-000002-00001.2
  • Views: 70
  • Zoning Code: SH-CI

Contact Info

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  1. Juan Torres, REALTOR ®
  2. Tropic Shores Realty
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