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Pending
  • $1,500,000

    2004 E 15th Ave, Tampa, FL 33605

    16beds
    8baths
    5,160sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $291/sqft
    $-- HOA

    What's special

    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.
    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#: O6293394MLS LogoOriginating 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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