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Property Description
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.
Full Property Details
Full Property Details for 5609 N Nebraska Ave
General
- Sold For: $899,500
- Taxes: $9,841 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8338524
- Added to Site: 367 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Interior Features: Ceiling Fan(s)
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 2
Location
- Area: 33604 - Tampa / Sulphur Springs
- County: Hillsborough
- Development Name: 33604 - Tampa / Sulphur Springs
- Subdivision: PRESTONS SUB
- Driving Directions: I 275 to Hillsborough exit. North on Nebraska Ave to subject on right
Community
- Community Name: 33604 - Tampa / Sulphur Springs
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: Two
- Square Feet: 3,907
- Sq. Ft. Source: Public Records
- Living Area: 3,907 Sq. Ft.
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,234
- Lot Size: 11234
- Lot Dimensions: 82 x 137
- Street/Road Desc.: Concrete
Financial Considerations
- Tax Amount: $9,841.66
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PRESTON'S SUBDIVISION N 82 FT OF W 145 FT OF LOT 1 LESS W 15 FT FOR ST BLOCK 2
- Flood Zone Info: x
- APN: A3128194KE00000200001.2
- Property ID: A3128194KE00000200001.2
- Block/Lot/Section: 2
Listed by Future Home Realty Inc
Sold by Keller Williams Tampa Prop.
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Schools
Schools serving 5609 N Nebraska Ave
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Seminole Elementary School, Tampa, FL 6201 North Central Avenue, Tampa, FL 33604 | PK-5 | 0.5 mi |
Memorial Middle School, Tampa, FL 4702 North Central Avenue, Tampa, FL 33603 | 6-8 | 0.9 mi |
Middleton High School 4801 North 22nd Street, Tampa, FL 33610 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5609 N Nebraska Ave
Date
Details
Price
Change
Source
8/28/2025
Sold
$899,500
—
MLS
3/24/2025
Price Reduced
$899,500
-3.27%
MLS
2/18/2025
Price Reduced
$929,900
-0.97%
MLS
1/16/2025
Listed
$939,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5609 N Nebraska Avenue, Tampa, FL 33604 (MLS# TB8338524) is a Multi-Family property that was sold at $899,500 on August 28, 2025. Want to learn more about 5609 N Nebraska Avenue? Do you have questions about finding other Multi-Family real estate for sale in Sulphur Springs? You can browse all Sulphur Springs real estate or contact a Coldwell Banker agent to request more information.

