Under contract-accepting backup offers. Financial Summary • Purchase Price: $1,500,000 • Net Operating Income (NOI): $132,671.65 • Annual Debt Service: $45,508.90 • Cash Flow (Before-Tax): $87,162.75 Investment Metrics Cap Rate 8.85 This is still strong, especially for multifamily in many markets. Typically, anything above 7–8 is attractive. Cash-on-Cash Return - Assuming 20 down payment = $300,000:Cash-on-Cash Return=29.05 This is excellent — high CoC returns like this are uncommon in many real estate markets. Debt Coverage Ratio (DCR)=2.92 Conclusion At a $1.5M price point, this is a robust investment: • 8.85 Cap Rate — solid and above average • 29 Cash-on-Cash Return — very high • Excellent DCR — well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long-term growth potential.
Pending
$1,500,000
2004 E 15th Ave, Tampa, FL 33605
16beds
8baths
5,160sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$291/sqft
$-- HOA
What's special
- 148 days
- on Zillow |
- 811 |
- 61 |
Zillow last checked: 7 hours ago
Listing updated: 17 hours ago
Listing Provided by:
Isabel Campos-Gordon 863-401-5760,
SAND DOLLAR REALTY GROUP INC 407-389-7318,
Kayleigh Fernandez 863-221-6253,
SAND DOLLAR REALTY GROUP INC
Source: Stellar MLS,MLS#: O6293394
Originating MLS: Orlando Regional

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Electric
Cooling
- Ductless
Appliances
- Included: Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
- Laundry: In Kitchen, Inside
Features
- Ceiling Fan(s), Eating Space In Kitchen
- Flooring: Engineered Hardwood, Tile
- Windows: Aluminum Frames
- Has fireplace: No
Interior area
- Total structure area: 5,448
- Total interior livable area: 5,160 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Patio
- Exterior features: Private Mailbox
- Fencing: Fenced
Lot
- Size: 0.47 Acres
- Dimensions: 160 x 127
- Features: City Lot, Near Public Transit, Oversized Lot
Details
- Parcel number: A18291950R00012400006.1
- Zoning: YC-2
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: YBOR CITY PLAN OF AN ADD
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Tampa
Financial & listing details
- Price per square foot: $291/sqft
- Annual tax amount: $12,530
- Date on market: 4/1/2025
- Cumulative days on market: 85 days
- Listing terms: Assumable,Cash,Conventional,Trade,FHA,Private Financing Available
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 12558
- Tenant pays: Electricity, Sewer, Water
- Electric utility on property: Yes
- Road surface type: Paved
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