Do Real Estate on the Go!
- Overview
- Description
- Property Details
- Location
Do Real Estate on the Go!
Download App
$1,500,000
16 Beds
8 Baths
5,160sqft
2004 E 15Th Ave, Tampa, FL 33605
$1,500,000
Get Pre-Approved
Multi Family
Built in 1953
$-- HOA
20,320 sqft lot
$291/sq.ft
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
• Excelle...
- Houzeo last checked: 50 Minutes ago
- Listing updated: November 5, 2025 at 11:33 pm
- Listing Provided by: Isabel Campos-Gordon (863) 401-5760 , Kayleigh Fernandez | SAND DOLLAR REALTY GROUP INC (407) 389-7318
- Source: Stellar MLS-FL | MLS#: O6293394
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1953
HOA Fees
-
Finished Area
5,160 sqft
Lot Size
20,320 sqft lot
Basement Area
- sqft
MLS Name
Stellar MLS
MLS Number
O6293394
MLS Status
Active
Days on Market
260
Love this home?
Here's 4 things you can do
Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
