2004 E 15TH AVENUE at

2004 E 15TH AVENUE

For sale Days on market 111

$1,500,000

$291/sq ft

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Overview

Bedroom

Year Built

1953

Sqft

5160

Property Type

Multi Family

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.

Property Details

MLS#

O6293394

Address

2004 15TH E

City

Tampa

State/county

Zip/Postal Code

33605

Area

Ybor City Plan Of An Add

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$12,530

Maint Fee

$--

Tax Year

2024

Dryer

Electric Water Heater

Exhaust Fan

Range

Refrigerator

Washer

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