5609 N Nebraska Avenue, TAMPA, FL 33604
Local realty services provided by:Gulf Shores Realty ERA Powered



Listed by:edward moore, jr.
Office:future home realty inc
MLS#:TB8338524
Source:MFRMLS
Price summary
- Price:$899,500
- Price per sq. ft.:$230.23
About this home
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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Home facts
- Year built:1935
- Listing Id #:TB8338524
- Added:213 day(s) ago
- Updated:August 14, 2025 at 07:40 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:3,907 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1935
- Building area:3,907 sq. ft.
- Lot area:0.26 Acres
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$899,500
- Price per sq. ft.:$230.23
- Tax amount:$9,842 (2024)
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