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Pending

2004 E 15TH AVE

2004 E 15TH AVE, TAMPA, FL 33605

$1,500,000

Under contract-accepting backup offers. 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.

16
beds

9
baths

5,160 Sq.Ft. LIVING AREA

0.47 Acres lot

Kayleigh Fernandez

title REALTOR®
PHONE (863) 513-6364
EMAIL [email protected]
DRE # SL3563973

Features & Amenities

Interior

total bedrooms16
Total bathrooms9
Laundry room In Kitchen, Inside
Flooring Hardwood, Tile
APPLIANCES Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
other interior Features Ceiling Fans(s), Eat-in Kitchen

Area & Lot

Status Pending
Living Area5,160 Sq.Ft.
Lot Area0.47 Acres
MLS® IDO6293394
TypeMulti-Family
YEAR BUILT1953
NeighborhoodTampa
Elementary SchoolBooker T. Washington-HB
Middle SchoolStewart-HB
High SchoolMiddleton-HB

Exterior

STORIES1
water SourcePublic
utilitiesCable Available, Electricity Connected, Fiber Optics, Sewer Connected, Water Connected
roofShingle
lot featuresCity Limits, Near Public Transit, Oversized Lot, Paved
parkingOff Street
HEAT TYPEElectric
AIR CONDITIONINGDuctless
sewerPublic Sewer
SubstructureSlab
other exterior FeaturesFence, Private Mailbox

Financial

Sales Price$1,500,000
Real Estate Tax $12,530/yr
Zoning YC-2

This deal remains highly favorable, with its excellent location, condition, and long-term growth potential.
– Team Excellence Homes

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Team Excellence Homes

Phone

(863) 401-5760

[email protected]

Address

221 Citrus Grove Blvd S Polk City FL 33868

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