$1,500,000 pending
2004 e 15th avenue , tampa, FL 33605
| Beds 16 | Baths 8 | 5,160 Sqft | 0.48 Acres |
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Property Description
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.
General Information
Sale Price: $1,500,000
Price/SqFt: $291
Status: Pending
MLS#: O6293394
City: tampa
Post Office: tampa
Schools: middleton-hb
County: Hillsborough
Subdivision: ybor city plan of an add
Acres: 0.48
Lot Dimensions: 160 x 127
Bedrooms:16
Bathrooms:8
House Size: 5,160 sq.ft.
Acreage: 0.48 est.
Year Built: 1953
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Block, Stucco
Exterior Misc: Fenced, Private Mailbox
Basement: No
Foundation : Slab
Appliances: Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
Cooling: Mini-Split Unit(s)
Heating: Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $12,530
Legal Description: YBOR CITY PLAN OF AN ADDITION E 26 FT OF LOT 6 1/2 & LOTS 7 7 1/2 8 & 8 1/2 & W 2 FT OF LOT 9 BLOCK 124
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Isabel Campos-Gordon of SAND DOLLAR REALTY GROUP INC, Phone: 407-389-7318
