Twitter
Facebook
Email
|
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.
| DAYS ON MARKET | 1 | LAST UPDATED | 1/16/2025 |
|---|---|---|---|
| TRACT | PRESTONS SUB | YEAR BUILT | 1935 |
| COMMUNITY | 33604 - Tampa / Sulphur Springs | GARAGE SPACES | 1.0 |
| COUNTY | Hillsborough | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33604 - Tampa / Sulphur Springs |
| CONSTRUCTION | Block |
| EXTERIOR | Balcony |
| GARAGE | Yes |
| HEAT | Electric |
| LOT | 0.26 acre(s) |
| LOT DIMENSIONS | 82x137 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | PRESTONS SUB |
| TAXES | 9841.66 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Lorraine
Valdes to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Edward Moore, Jr., FUTURE HOME REALTY INC, 813-855-4982
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 1/17/25 6:02 AM PST.
This IDX solution is (c) Diverse Solutions 2025.