1. Florida
  2. Tampa
  3. 2004 E 15TH AVENUE
$1,500,000

2004 E 15TH AVENUE, Tampa, FL 33605

  • 16 beds |
  • 8 baths |
  • 5,160 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $291/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

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.

Listing Status:
Active
Date Added:
April 1, 2025 at 05:00AM
Listing Office:
SAND DOLLAR REALTY GROUP INC : 407-389-7318
Listing Agent:
Isabel Campos-Gordon : 863-401-5760
MLS ID:
O6293394
  • General: Ceiling Fan(s)Eating Space In Kitchen
  • Appliances: DryerElectric Water HeaterExhaust FanRangeRefrigeratorWasher
  • Laundry: In KitchenInside
  • Flooring: Engineered HardwoodTile
  • A/C: Mini-Split Unit(s)
  • Heating: Electric

This listing courtesy of Isabel Campos-Gordon, SAND DOLLAR REALTY GROUP INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Shore Elementary Magnet School

1908 E 2nd Ave, Tampa, FL, 33605

Grades PK-5

0.61 miles away

O

Orange Grove Middle Magnet School

3415 N 16th St, Tampa, FL, 33605

Grades 6-8

0.64 miles away

H

Hospital/Homebound/Homebased Programs

3993 E 21st Ave, Tampa, FL, 33605

Grades PK-12

1.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.