About 2004 E 15th Avenue
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.
Features of 2004 E 15th Avenue
| MLS® # | O6293394 |
|---|---|
| Price | $1,500,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Square Footage | 5,160 |
| Acres | 0.48 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 2004 E 15th Avenue |
|---|---|
| Area | Tampa / Ybor City |
| Subdivision | YBOR CITY PLAN OF AN ADD |
| City | TAMPA |
| County | Hillsborough |
| State | FL |
| Zip Code | 33605-2708 |
Amenities
| Parking | Off Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Eating Space In Kitchen |
|---|---|
| Appliances | Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer |
| Heating | Electric |
| Cooling | Mini-Split Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Fenced, Private Mailbox |
|---|---|
| Lot Description | City Lot, Near Public Transit, Oversized Lot |
| Roof | Shingle |
| Foundation | Slab |
School Information
| Elementary | Booker T. Washington-HB |
|---|---|
| Middle | Stewart-HB |
| High | Middleton-HB |
Additional Information
| Date Listed | April 1st, 2025 |
|---|---|
| Days on Market | 79 |
| Zoning | YC-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SAND DOLLAR REALTY GROUP INC |
|---|