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$899,500
Est. payment /mo
3,907 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 3,907 sqft
Price per Sqft $230
Subdivision Prestons Sub
MLS Listing ID TB8340223
HOA Y/N No
Originating Board Stellar MLS
Year Built 1935
Annual Tax Amount $9,841
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 82x137
Property Sub-Type Mixed Use
Property Description
Under contract-accepting backup offers. 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
State FL
County Hillsborough
Community Prestons Sub
Area 33604 - Tampa / Sulphur Springs
Zoning SH-CI
Interior
Cooling Wall/Window Unit(s)
Building
Story 2
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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