2004 E 15th Avenue, TAMPA, FL 33605

Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
#1#2#3
2004 E 15th Avenue,TAMPA, FL 33605
$1,500,000
Virtual Tour
  • 16 Beds
  • 8 Baths
  • 5,160 sq. ft.
  • Multi-family
  • Active
Listed by:isabel campos-gordon
Office:sand dollar realty group inc
MLS#:O6293394
Source:MFRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$275.33

About this home

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.

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Home facts

  • Year built:1953
  • Listing Id #:O6293394
  • Added:126 day(s) ago
  • Updated:August 14, 2025 at 12:04 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:5,160 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1953
  • Building area:5,160 sq. ft.
  • Lot area:0.47 Acres

Schools

  • High school:Middleton-HB
  • Middle school:Stewart-HB
  • Elementary school:Booker T. Washington-HB

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$275.33
  • Tax amount:$12,530 (2024)
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