5915 East 24th Street
$183,500
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Description
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...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%.
- Listed by David Orton • Fair Market Value Investment Sales • davidorton@fmvrei.com
- Listed by Richard Graham • Fair Market Value Investment Sales
Property Details for 5915 East 24th Street
Architectural Style
Ranch
Subdivision NameArlington
TownshipWarren
LISTING UPDATED: 11/01/2024 03:32 PM
Property Details for 5915 East 24th Street
Status | Active |
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MLS # | 22002808 |
Days on Market | 47 |
Taxes | $1,193 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1945 |
Lot Size | 0.19 AC / 8,276 SF |
County | Marion County |
Building Information for 5915 East 24th Street
Stories-Residences2Year Built1945Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 5915 East 24th Street
Property History for 5915 East 24th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5915 East 24th Street
Taxable ValueLand$6,400Additions$93,700Total$100,100
Tax Record2023$2,386 ($199 / month)
Home Facts
Beds4Baths0.5Total Finished SqFt1,632 SqFtAbove Grade Finished SqFt1,632 SqFtStories1Lot Size8,276 SqFtStyleSingle Family ResidenceYear Built1945ZoningZO01CountyMARIONAPN49-07-27-101-005.000-701Fireplace TypeHas Fireplace
Schools near 5915 East 24th Street
This home is within Indianapolis Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Arlington Woods School 99 PublicPK to 6 | ||
Arlington Community Middle School Public7 to 8 | ||
George Washington Community High School (9-12) Public9 to 12 | ||
Arsenal Technical High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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