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5609 N Nebraska Avenue

Tampa, FL 33604

5 beds
4 baths
3,907 sqft
11,234 sqft lot
$238 per sqft
1935 build
– on site

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 courtesy of STELLAR_MLS / FUTURE HOME REALTY INC

Last checked: Checking… • Last updated Feb 18, 2025 •

MLS# TB8338524 —

The Building

Year Built:

1935
New Construction:

false
Construction Materials:

Block
Levels:

Two
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Fireplace:

false

Room Dimensions

Living Area:

3907
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

I 275 to Hillsborough exit. North on Nebraska Ave to subject on right
Latitude:

27.998585
Longitude:

-82.450882
Coordinates:

-82.450882, 27.998585

The Property

Parcel Number:

A3128194KE00000200001.2
Property Type:

Residential Income
Property Subtype:

Quadruplex
Lot Size Acres:

0.26
Lot Size Area:

11234
Lot Size SqFt:

11234
Lot Size Dimensions:

82 x 137
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

SH-CI
View:

false
Exterior Features:

Balcony
Water Source:

Public
Road Surface Type:

Concrete
Flood Zone Code:

x
Additional Parcels:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

1
Tax Block:

2
Tax Legal Description:

PRESTON'S SUBDIVISION N 82 FT OF W 145 FT OF LOT 1 LESS W 15 FT FOR ST BLOCK 2
Tax Book Number:

2-80
Tax Annual Amount:

9841.66

Beds

Bedrooms Total:

5

Baths

Total Baths:

4

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8338524
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Public Sewer

Appliances

Laundry Features:

None

The Community

Subdivision Name:

PRESTONS SUB
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

1
Carport:

true
Carport Spaces:

1
Covered Spaces:

2

Extra Units

# of Units Total:

6

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/18/25 Feb 18, 2025	Price Changed	STELLAR_MLS	$929,900	-1.0%
1/16/25 Jan 16, 2025	Relisted	STELLAR_MLS	$939,000
11/16/23 Nov 16, 2023	Pending	STELLAR_MLS

Multifamily For Sale

$929,900

Price drop −$9,100

Listing provided by broker:

Edward Moore, Jr.

FUTURE HOME REALTY INC

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This multifamily located in Northeast Tampa, Tampa, FL 33604 is currently for sale for $929,900. 5609 N Nebraska Avenue is a 3,907 square foot multifamily with 5 beds and 4 baths that has been on Estately for 37 days. 5609 N Nebraska Avenue is in the Northeast Tampa neighborhood of Tampa and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Middleton High School, Memorial Middle School, and Seminole Elementary School.

Listing Courtesy of: STELLAR_MLS and FUTURE HOME REALTY INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.