Listed by eXp Commercial
$999,000
8436 N Nebraska
Details
APN Folio: 099517-0000
Property Type Multifamily
Sub Type Apartment Building, Retail
Square Footage 7,914
Units 9
Cap Rate 9.01%
NOI $99,079
Occupancy 100%
Price per SqFt $139
Class B
Year Built 1950
Year Renovated 2023
Stories 2
Lot Size (SqFt) 8,700
Zoning CI
Investment Type Stabilized
Multifamily | 9 Units | $122,222/unit
Marketing description
Prime commercial property at 8436 N Nebraska Ave, Tampa, FL. This two-story building features a lucrative investment opportunity with 9 fully rented studio apartments on the second floor, providing a consistent rental income stream. On the ground floor, there are 3 rented retail units, adding to the property’s income potential. Located in the bustling Seminole Heights neighborhood, this property offers both residential and commercial rental income in a thriving area. Don’t miss out on this attractive investment opportunity in Tampa!
This is an income producing property and has undergone significant renovation including new roofs, flooring, paint and bathroom upgrades making it essentially turnkey, while still leaving options open for further improvement and rent increases. The seminole area is undergoing a range of improvements bringing new opportunities for the future. This site could be the perfect location to use for income generation while preparing for future renovations. Seller financing may be possible.
Investment highlights
- Fully leased
- Great location
- Solid stream of income
- Many recent upgrades
Listing Contacts
Listed by eXp Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,079.00
$8,256.58/mo
Valuation Metrics
0
DSCR
9.92%
Cap Rate
9.92%
ROI
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