Active

$1,500,000

Features:
  • 16 Bedrooms
  • 8 Bathrooms
  • 5160 sq ft
Overview
  • ID: MFRO6293394
  • Bedrooms: 16
  • Bathrooms: 8
  • Size: 5160 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,500,000
HOA Fee:
N/A
Tax Amount:
$12530
Price per SqFt:
$290.7
Tax 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
Exterior Features
Lot Size:
20320
Lot Features:
City Limits, Near Public Transit, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
8
Heating:
Electric
Cooling:
Ductless
Appliances:
Dryer, Electric Water Heater, Exhaust Fan, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Hardwood, Tile
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1953
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence, Private Mailbox
Additional Features 2:
N/A
Map
  • Address
    2004 E 15TH AVE
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