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.… Read More 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. Read Less
Courtesy of FUTURE HOME REALTY INC 813-855-4982
Listing Snapshot
Days Online
0
Last Updated
Property Type
Mixed Use
Square Ft.
3,907
Lot Size
0.26 Acres
Year Built
1935
MLS Number
TB8340223
30 Days Snapshot Of 33604
$372k
+1%
(avg) sold price
32
0%
homes sold
58
+41%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Meters: 362.97, Total Number of Buildings: 3, Building Area Total: 5336, Building Area Units: Square Feet, Construction Materials: "Block", Living Area: 3907, Stories Total: 2, Year Built: 1935
Lot
Lot Size Square Meters: 1044, Total Acreage: 1/4 to less than 1/2, 0.26 acres, 11234 square feet, Dimensions: 82x137
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