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2004 E 15th Avenue, Tampa, FL 33605

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For Sale

$1,500,000

16 beds • 5,160 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $290.70
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# O6293394

Courtesy Of Sand Dollar Realty Group Inc

(407) 389-7318

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dryer, Range, Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Block, Stucco
  • Floor Covering
    Hardwood, Tile
  • Lot Size
    0.48 Acres

Map and Directions

Directions to 2004 E 15th Avenue, Tampa, FL 33605

Home seller CENTURY 21 LIST with BEGGINS

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CENTURY 21 LIST with BEGGINS

(813) 658-2121
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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