HOT Seminole Heights Location!!!

Highlights:

• Value Add Opportunity
• Seminole Heights was named one of the best places to live in Florida
• Prime investment opportunity for condo reconversion
• Assumable loan at 3.98% which matures in 2031
• Many multi-family development projects around subject site
• Immediate proximity to public transportation and Interstate 275
• Easy access from Hillsborough Ave.
• Plenty of resident parking
• High traffic corridor off Interstate 275, Nebraska Avenue and Hillsborough Ave.
• 2023 Total Population |15,733 - 1 Mile | 139,509- 3 Mile | 328,645- 5 Mile

Description:

Florida Commercial Group presents an extraordinary opportunity to purchase a Commercial Investment Property that boasts two free-standing buildings totaling 12,688 sf. This site features 16 units in two 2-story buildings of 6,344 sf each. The lot size is 0.58 acre, and it is zoned SH-RM allowing for multifamily residential uses in Seminole Heights. This location would be ideal for this use Property is offered with tenants in place, for an impressive cash flow making this a great investment opportunity. SIGNAGE, FRONTAGE and EXPOSURE for this property is phenomenal. This is a must see!!

The site offers plenty of room for parking, storage, and landscaping. The subject sits 0.1-mile East of Nebraska Avenue and 0.1 miles North of Hillsborough Avenue boasting a traffic count of approximately 47,361 VTD on that intersection. This property offers easy access to Downtown Tampa, USF, Temple Terrace, Lutz, Land O’ Lakes, Town N’ Country, Carrollwood, Wesley Chapel, along with the Greater Tampa area as well as convenient access to public transportation, US Hwy 41/ Nebraska Avenue, Interstate 275, and N. Florida Avenue. This is an outstanding location featuring remarkable visibility, high traffic counts, a high-density residential population and bordered by a variety of retail and office commerce! The property is close to major travel arteries including Interstate 275 North which sits 0.2 miles West. This investment opportunity is ideal for those looking to expand their real estate portfolio in a thriving location.

Florida Commercial Group presents for sale, a low-rise apartment complex in the heart of Seminole Heights.
Attention Investors: HAMPTON TERRACE APARTMENTS, a garden- style, 16- unit apartment complex in a great Seminole Heights location- between Hillsborough Ave and 9th Street N, and Interstate 275 is available for sale. Excellent income potential! Currently 87.5% occupied with 90% tenant retention. This complex is being sold as is and consists of 16 units (8 2BR/1BA and 8 1BR/1BA), onsite laundry facilities and a multi-purpose room. NOI is approximately $150,000/year and is expected to increase. This property includes the opportunity to assume a mortgage at 3.98%.

Hidden Gem :: 2 bldg. complex :: (2) 6,344 GSF MF- structures

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