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Property Photos
2004 15th Avenue2004 15th Avenue Listing photo id 0 for 2004 15th Avenue Listing photo id 1 for 2004 15th Avenue Listing photo id 2 for 2004 15th Avenue Listing photo id 3 for 2004 15th Avenue Listing photo id 4 for 2004 15th Avenue Listing photo id 5 for 2004 15th Avenue Listing photo id 6 for 2004 15th Avenue Listing photo id 7 for 2004 15th Avenue Listing photo id 8 for 2004 15th Avenue Listing photo id 9 for 2004 15th Avenue Listing photo id 10 for 2004 15th Avenue Listing photo id 11 for 2004 15th Avenue Listing photo id 12 for 2004 15th Avenue Listing photo id 13 for 2004 15th Avenue
  • MLS#: O6293394 ( Residential Income )
  • Street Address: 2004 15th Avenue
  • Viewed: 129
  • Price: $1,500,000
  • Price sqft: $275
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 5448
  • Bedrooms: 16
  • Total Baths: 8
  • Days On Market: 129
  • 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
  • Middle School: Stewart
  • High School: ton
  • Provided by: SAND DOLLAR REALTY GROUP INC
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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.
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Features
Appliances
  1. Dryer
  2. Electric Water Heater
  3. Exhaust Fan
  4. Range
  5. Refrigerator
  6. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Ductless
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Fence
  2. Private Mailbox
Flooring
  1. Hardwood
  2. Tile
Furnished
  1. Unfurnished
Garage Spaces
  1. 0.00
Heating
  1. Electric
High School
  1. Middleton-HB
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Eat-in Kitchen
Legal Description
  1. 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
  1. One
Living Area
  1. 5160.00
Lot Features
  1. City Limits
  2. Near Public Transit
  3. Oversized Lot
  4. Paved
Middle School
  1. Stewart-HB
Area Major
  1. 33605 - Tampa / Ybor City
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. A-18-29-19-50R-000124-00006.1
Parking Features
  1. Off Street
Pets Allowed
  1. Yes
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Residential Income
Roof
  1. Shingle
School Elementary
  1. Booker T. Washington-HB
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
  2. Sewer
  3. Water
Township
  1. 29
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Fiber Optics
  4. Sewer Connected
  5. Water Connected
Views
  1. 129
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6293394
Water Source
  1. Public
Year Built
  1. 1953
Zoning Code
  1. YC-2