MENU
CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
2004 15th Avenue, TAMPA, FL 33605
Request More Information
  • All fields are required.
  • 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
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.
Payment Calculator
  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
For a Fast & FREE Mortgage Pre-ApprovalApply Now
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

Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. Mobile: 352.601.6367
  6. 352.601.6367
  7. mariancasteel@yahoo.com