5915 E 24th ST Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46218
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Arlington
MLS Listing ID 22002808
Year Built 1945
Tax Year 2023
Lot Size 8,276 Sqft
Property 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 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%.
Location
State IN
County Marion
Interior
Heating Forced Air,Gas
Cooling Central Electric
Exterior
Exterior Feature Barn Mini,Barn Storage,Storage Shed
Roof Type Asphalt
Building
Story One
Foundation Slab
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools