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5915 E 24th Street

Indianapolis, IN 46218

– beds
– baths
– sqft
8,276 sqft lot
1945 build

This is a 1945's rehabbed single story 4 bedroom 2 bath 2 laundry 2 kitchens duplex or SFR transitional housing opportunity. For the non-traditional investment approach at $200 per bed per week this recently improved investment can be filled within 30 days. We have the management piece already put together for you. At the suggested rate the investment is projected to Gross $44,000. Expense estimates/projections: Water/Sewer/Gas $87 per month, Electric $128 per month, Insurance $150 per month, Property Taxes $93 per month, Property Management $733 per month. We inflated utility expenses to approximately $250 per month to give us a pro-forma of $14,720 in total expenses (including management fee). Cash Flow on the investment would bring an estimated $17,855 per year for an investor bringing 20% down and a mortgage payment of $952 per month. Bringing a proforma cash on cash return estimate of 45%.

Listing courtesy of MIBOR / Fair Market Value Investment Sales

Last checked: Checking… • Last updated Nov 5, 2024 •

MLS# 22002808 —

The Building

Year Built:

1945
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Ranch
Levels:

One
Roof:

Asphalt
Basement:

false
Foundation Details:

Slab
Exterior Features:

Barn Mini, Barn Storage, Storage Shed
Security Features:

Fire Alarm
Green Certification:

No

Interior

Laundry Features:

Connections All, Laundry Closet, Laundry Room, Main Level

Location

Directions:

GPS Friendly
Latitude:

39.800784
Longitude:

-86.066227

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Duplex
Parcel Number:

490727101005000701
Acres:

<1/4 Acre
Lot Size Acres:

0.19
Lot Size SqFt:

8,276 Sqft
Price Per Acre:

965789
Property Condition:

Updated/Remodeled
Additional Parcels:

false
Structure Type:

Duplex
Current Use:

Vacant
Possible Use:

See Remarks
Road Access:

Access Rd,Frontage Road,Street Cuts

Listing Agent

Contact info:

Taxes

Tax Lot:

9
Tax Year:

2023
Semi Annual Property Tax Amt:

1193

The Listing

Inspection Warranties:

Not Applicable

Heating & Cooling

Heating:

Forced Air, Gas
Cooling:

Central Electric

Utilities

Building Utilities:

Municipal Storm Connected,Sewer,Water
Solid Waste:

Yes

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

Arlington

Parking

Parking Features:

Alley Access

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/8/24 Oct 8, 2024	Price Changed	MIBOR	$183,500	-7.6%
9/20/24 Sep 20, 2024	Listed / Active	MIBOR	$198,500

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This multifamily located in East Side, Indianapolis, IN 46218 is currently for sale for $183,500. 5915 E 24th Street is a – square foot multifamily with – beds and – baths. 5915 E 24th Street is in the East Side neighborhood of Indianapolis and has a WalkScore® of 37, making it car-dependent. This multifamily is in the attendance area of Arlington Middle School, Arlington Woods School 99, Riverside High School, George Washington Community High School, and Arsenal Technical High School.

Listing Courtesy of: MIBOR and Fair Market Value Investment Sales.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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