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, Tampa, Florida 33605

  • $1,500,000
2004 E 15TH AVENUE, Tampa, FL 33605
Hold For Sale Completed
, Tampa, Florida 33605
2004 E 15TH AVENUE, Tampa, FL 33605
  • $1,500,000

Overview

Property ID: HZO6293394
  • Multi Family, Residential Income
  • Property Type
  • 16
  • Bedrooms
  • 8
  • Bathrooms
  • 5448
  • Sqft
  • 1953
  • Year Built

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.

  • Address 2004 E 15TH AVENUE
  • City TAMPA
  • State/county FL
  • Zip/Postal Code 33605
  • Country US

Details

Updated on January 6, 2026 at 7:08 pm
  • Property ID: HZO6293394
  • Price: $1,500,000
  • Property Size: 5448 Sqft
  • Land Area: 0.48 Acres
  • Bedrooms: 16
  • Bathrooms: 8
  • Year Built: 1953
  • Property Type: Multi Family, Residential Income
  • Property Status: Hold, For Sale

Additional details

  • Listing Terms: Assumable, Cash, Conventional, Trade, FHA, Private Financing Available
  • Roof: Shingle
  • Utilities: Cable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Cooling: Mini-Split Unit(s)
  • Heating: Electric
  • Flooring: Hardwood, Tile
  • County: Hillsborough
  • Property Type: Residential Income
  • Parking: Off Street
  • Elementary School: Booker T. Washington-HB
  • Middle School: Stewart-HB
  • High School: Middleton-HB

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