13212 N NEBRASKA AVE, Tampa, Florida
13212 N NEBRASKA AVE, Tampa, Florida 33612 - Sellers will do Owner Financing with 1.5 Million Down. Seller will Hold back a Mortgage for 1 Million. at an 8% interest rate. Seller will hold note for a 30 Year Balloon and 30 Year Amortized on a Non Qualifying assumable note.This Property was sold in 1998 before the Boom for $4,070,000. This Property Brings in Gross 348K a Year Nets around 245k to 260k. It is almost a 10 Cap. Can be Developed to 150 Units. (An example: If you Developed 150 Units and they were 2 Bed 1 Bath. They would Rent out for $750 a Month. So $750 x 150= $112,500 a Month. So you could bring in 1,350,000 a Year.) The Land alone in this area is worth about 5 to 6 Million. The Property is 240,000 SQ FT or 5.5 Acres. It is Zoned Planned Development Commercial-Pd-C. This Sale Includes 11 frame bungalows, 31 mobile homes as well as a 2,000 sq ft (approximately) Commercial building. Owner would consider Owner Financing depending on terms.The property is conveniently located within Â½ mile of the rapidly developing and highly desirable intersection of Fletcher Avenue and Nebraska Avenue. The property is .5 miles from the interstate access (275), 1.7 miles to University of South Florida Campus and University mall and also not far from Busch Gardens. The property offers 450 unobstructed feet of frontage on Nebraska Avenue.
View Virtual Tour
Listing Courtesy of REI Brokerage House, Inc.
“Mary and her husband David did an excellent job of marketing my home, provided guidance on pricing to attract potential buyers, engaged an excellent photographer to show the home in its best light, and utilized web sites and channels to make the home visible to a very large segment of the buying community. Their service was consistently excellent. Their services could be enhanced by finding a better network of supporting services (like handymen, stagers, closers, etc.). But most importantly they got the job done, professionally and timely.”