2004 15th Avenue, TAMPA, FL 33605
Property Photos

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Priced at Only: $1,500,000
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Address: 2004 15th Avenue, TAMPA, FL 33605
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- MLS#: O6293394 ( Residential Income )
- Street Address: 2004 15th Avenue
- Viewed: 126
- Price: $1,500,000
- Price sqft: $275
- Waterfront: No
- Year Built: 1953
- Bldg sqft: 5448
- Bedrooms: 16
- Total Baths: 9
- Days On Market: 60
- Additional Information
- Geolocation: 27.9662 / -82.4363
- County: HILLSBOROUGH
- City: TAMPA
- Zipcode: 33605
- Subdivision: Ybor City Plan Of An Add
- Elementary School: Booker T. Washington HB
- Middle School: Stewart HB
- High School: Middleton HB
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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 78 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.
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 78 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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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Fence, Private Mailbox
- Flooring: Hardwood, Tile
- Living Area: 5160.00
- Roof: Shingle
Property Information
- Property Condition: Completed
Land Information
- Lot Features: City Limits, Near Public Transit, Oversized Lot, Paved
School Information
- High School: Middleton-HB
- Middle School: Stewart-HB
- School Elementary: Booker T. Washington-HB
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Off Street
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Ductless
- Heating: Electric
- Pets Allowed: Yes
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Rental Information
- Tenant Pays: Electricity, Sewer, Water
Other Features
- Appliances: Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
- Country: US
- Furnished: Unfurnished
- Interior Features: Ceiling Fans(s), Eat-in Kitchen
- Legal Description: YBOR 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
- Levels: One
- Area Major: 33605 - Tampa / Ybor City
- Parcel Number: A-18-29-19-50R-000124-00006.1
- Possession: Close Of Escrow
- Views: 126
- Zoning Code: YC-2
Contact Info

- Marian Casteel, BrkrAssc,REALTOR ®
- Tropic Shores Realty
- CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
- Mobile: 352.601.6367
- Mobile: 352.601.6367
- 352.601.6367
- mariancasteel@yahoo.com