$1,500,000

2004 E 15th Ave Tampa, FL 33605

Ybor City Neighborhood

Estimated payment $8,903/month

Total Views 16,043
16 Beds
8 Baths
5,160 Sq Ft
$291 Price per Sq Ft

Highlights

  • 0.48 Acre Lot
  • Wood Flooring
  • Oversized Lot
  • Property is near public transit
  • No HOA
  • Front Porch

About This Home

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.

Listing Agent

Isabel Campos-Gordon

SAND DOLLAR REALTY GROUP INC Brokerage Phone: 407-389-7318 License #3221478 Listed on: 04/01/2025

SAND DOLLAR REALTY GROUP INC

Co-Listing Agent

Kayleigh Fernandez

SAND DOLLAR REALTY GROUP INC Brokerage Phone: 407-389-7318 License #3563973

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,530

Year Built

  • Built in 1953

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 160 x 127
  • Fenced
  • Oversized Lot

Parking

  • Off-Street Parking

Home Design

  • Property Attached
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 5,160 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Private Mailbox
  • Front Porch

Location

  • Property is near public transit

Schools

  • Booker T. Washington Elementary School
  • Stewart Middle School
  • Middleton High School

Utilities

  • Mini Split Air Conditioners
  • Heating Available
  • Electric Water Heater
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 6 / 124
  • Assessor Parcel Number A-18-29-19-50R-000124-00006.1

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • 5,448 Sq Ft Building
  • Ybor City Plan Of An Add Subdivision

Pet Policy

  • Pets Allowed
  • 3 Pets Allowed

Building Details

  • Operating Expense $44,057
  • Gross Income $150,696

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,530

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi Family
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 5160
  • Lot Size Acres: 0.48
  • New Construction: No
  • Year Built: 1953
  • Building Area Total: 5448
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 20320
  • Tenant Pays: Electricity, Sewer, Water
  • Status: Active
  • Street Direction: E
  • Co List Office Mls Id: MFR54580
  • Co List Office Phone: 407-389-7318
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 506.14
  • Escrow City: Lakeland
  • Escrow State: FL
  • Escrow Street Name: Lake Morton Dr.
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 290.70
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Planned Unit Development Yn: 0
  • MFR_DockYN: 0
  • Attribution Contact: 407-389-7318
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood, Tile
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen
  • Appliances Included: Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 16
  • Levels: One
  • Window Features: Aluminum Frames
  • Living Area Meters: 479.38

Exterior Features

  • Exterior Features: Fence, Private Mailbox
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12057C0358J

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Off Street

Utilities

  • Utilities: Cable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
  • Cooling: Mini-Split Unit(s)
  • Heating: Electric
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Internet,Sewer,Trash,Water

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Booker T. Washington-HB
  • High School: Middleton-HB
  • Middle Or Junior School: Stewart-HB

Lot Info

  • Zoning: YC-2
  • Parcel Number: A-18-29-19-50R-000124-00006.1
  • Additional Parcels: No
  • Lot Features: City Limits, Near Public Transit, Oversized Lot, Paved
  • Lot Dimensions: 160 x 127
  • Property Attached Yn: Yes
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 12558
  • Terms Of Lease: Gross Lease

Multi Family

  • Gross Income: 150696
  • Number Of Units Total: 8
  • Total Num Buildings: 4
  • Unit Count: 8
  • Est Annual Market Income: 158400.00

Tax Info

  • Tax Annual Amount: 12530
  • Tax Block: 124
  • Tax Book Number: 1-83
  • Tax Lot: 6

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2025 11/05/25 For Sale $1,500,000 0.0% $291 / Sq Ft
11/04/2025 11/04/25 Off Market $1,500,000 -- --
10/02/2025 10/02/25 For Sale $1,500,000 0.0% $291 / Sq Ft
09/30/2025 09/30/25 For Sale $1,500,000 0.0% $291 / Sq Ft
09/23/2025 09/23/25 Off Market $1,500,000 -- --
08/14/2025 08/14/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $1,500,000 0.0% $291 / Sq Ft
06/03/2025 06/03/25 Pending -- -- --
04/01/2025 04/01/25 For Sale $1,500,000 -- $291 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: O6293394

Stellar MLS

APN: A18291950R000124000061

Florida Hillsborough County Tampa 33605 Ybor City

2004 E 15th Ave, Tampa, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Isabel Campos-Gordon
Listing Agent
Isabel Campos-Gordon
Section Image
SAND DOLLAR REALTY GROUP INC
(863) 401-5760