TAMPA, FL 33605 2004 E 15TH AVENUE
$1,500,000
Pending
10 more
Presented By: SAND DOLLAR REALTY GROUP INC with 407-389-7318. - 407-389-7318
Beds • 16- Baths • 9
- SQFT • 5,160
Beds • 16
Baths • 9
SQFT • 5,160Home Details
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.
Presented By: SAND DOLLAR REALTY GROUP INC with 407-389-7318. - 407-389-7318
Interior Features for 2004 E 15TH AVENUE
Bedrooms
Total Bedrooms16
Bathrooms
Total Baths9
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringengineered hardwood, tile
Furnished Y/Nunfurnished
Heating Y/NYes
Interior Amenitiesceiling fan(s), eating space in kitchen
Laundry Featuresin kitchen, inside
Window Featuresaluminum frames
General for 2004 E 15TH AVENUE
Additional Parcels Y/NNo
Appliancesdryer, electric water heater, exhaust fan, range, refrigerator, washer
Attached Garage No
Building Area Unitssquare feet
Carport Y/NNo
Citytampa
Construction Materialsblock, stucco
Coolingmini-split unit(s)
Countyhillsborough
Directionsfrom i-4, take exit one and drive to fl-585 n/n 22nd st. turn left on 15th avenue. the duplexes will be on your left.
DockY/NNo
Elementary Schoolbooker t. washington-hb
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income150696
HOANo
Heatingelectric
High Schoolmiddleton-hb
Land Lease Y/NNo
Legal Descriptionybor 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
Levelsone
Listing Termsassumable, cash, conventional, trade, fha, private financing available
Living Area Unitssquare feet
Lot Size Square Feet20320
Lot Size Unitssquare feet
MLS Area33605 - tampa / ybor city
Middle/Junior High Schoolstewart-hb
ModificationTimestamp2025-06-04t23:48:28.260z
New ConstructionNo
Number Of Units Total8
Ok to Lease12 months
Ownershipfee simple
Patio/Porch Featuresfront porch, patio
Pets Allowedyes
Possessionclose of escrow
Property Attached Y/NYes
Property Conditioncompleted
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Standard Statuspending
Statuspending
Subdivision Nameybor city plan of an add
Tax Annual Amount12530
Tax Lot6
Tax Year2024
Tenant Payselectricity, sewer, water
Total Actual Rent12558
Utilitiescable available, electricity connected, fiber optics, sewer connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1953
Zoningyc-2
Exterior for 2004 E 15TH AVENUE
Building Area Total5448
Exterior Amenitiesfenced, private mailbox
Foundation Detailsslab
Lot Dimensions160 x 127
Lot Featurescity lot, near public transit, oversized lot
Lot Size Acres0.48
Lot Size Area20320
Number of Buildings4
Parking Featuresoff street
Private PoolNo
Road Frontage Typestreet paved
Road Responsibilitypublic maintained road
Road Surface Typepaved
Water Sourcepublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Middleton-HB High School
Elementary School
Booker T. Washington-HB Elementary School
Middle School
Stewart-HB Middle School
