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5609 N Nebraska Ave
Off-Market Call for Pricing
Call for Pricing
- 5 Bedrooms
- 4 Bathrooms
- 3,907 Sq Ft
- 11,234 Sq Ft
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.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $899,500 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 3,907 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1935 |
| Last Sold | August 28, 2025 |
| Sold Price | 899,500 |
| APN # | A3128194KE00000200001.2 |
| MLS # | TB8338524 |
| Property ID | 321194340 |
| Lot Sqft | 11,234 |
| Zoning | SH-CI |
| Total Units | 6 |
| Date Updated | August 28, 2025 |
| Date Created | January 16, 2025 |
Listing Provided By
Edward Moore, Jr. an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of August 28, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Showing Agent
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- 30 mins
- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT