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5915 E 24th St, Indianapolis, IN, 46218

$198,500

Home List Price

$2,357*

Closing Credit

0 Baths
Multi

Location

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5915 E 24th St, Indianapolis$198,500

Buyer Closing Credits

$2,357*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1945
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #22002808
Lot Size0.19 Acres
StatusActive

About 5915 E 24th St

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%.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1945

Listing Office:

  • Office Name: Fair Market Value Investment Sales
  • Office Email: davidorton@fmvrei.com
  • Listing Agent: Hector Orton

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • Exterior: Barn Mini, Barn Storage, Storage Shed

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • John Marshall Community High School, Public Magnet Grades 9-12
  • H L Harshman Middle School, Public District Grades 7-8
  • Rousseau Mc Clellan 91, Public Magnet Grades KG-8
  • Merle Sidener Gifted Academy, Public District Grades 2-8
  • Arlington Woods Elementary School, Public District Grades KG-6
  • Theodore Potter School 74, Public District Grades KG-6
  • Ernie Pyle School 90, Public District Grades PK-6

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $198,500

Tax Information:

  • Annual Amount: $1,251
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$244.9K

Med. Price/SqFt

$138

Avg. Days On Market

28

# of Sold Homes

992

5915 E 24th St vs Indianapolis

1 DAY ON ROCKET

-27 Days

$198,500

-$46.4K Less

KEY TAKEAWAY

This property is $46.4K less than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22002808

Listing Office:

  • Office Name: Fair Market Value Investment Sales
  • Office Email: davidorton@fmvrei.com
  • Listing Agent: Hector Orton

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by 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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. 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 Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/20/2024, 10:16:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,251$50,400
2019$1,389$53,000
2018$1,243$53,000
2017$1,071$52,700

History based on county public records data.

Payment Calculator

$1,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$662

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-161472
2
/10
  • Arlington Woods Elementary School

  • 5801 E 30th St

  • 0.71 miles

  • Public District Grades KG-6

school-card-donut-161473
4
/10
  • Theodore Potter School 74

  • 1601 E 10th St

  • 3.73 miles

  • Public District Grades KG-6

school-card-donut-161474
4
/10
  • Ernie Pyle School 90

  • 3351 W 18th St

  • 7.92 miles

  • Public District Grades PK-6

Middle School

school-card-donut-161475
2
/10
  • H L Harshman Middle School

  • 1501 E 10th St

  • 3.80 miles

  • Public District Grades 7-8

school-card-donut-161476
5
/10
  • Rousseau Mc Clellan 91

  • 5111 Evanston Ave

  • 4.44 miles

  • Public Magnet Grades KG-8

school-card-donut-161477
9
/10
  • Merle Sidener Gifted Academy

  • 2424 Kessler Boulevard East Dr

  • 5.20 miles

  • Public District Grades 2-8

High School

school-card-donut-161478
1
/10
  • John Marshall Community High School

  • 10101 E 38th St

  • 4.41 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,206. Typical income of Indianapolis, IN residents is less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket Homes›Indiana›Marion County›Indianapolis›46218›5915 E 24th St

This home is located at 5915 E 24th St in Indianapolis, IN and zip code 46218 in the West Arlington neighborhood. This home, which was built in 1945, sits on a 0.19 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $198,500.

Indianapolis, IN housing market in August 2024 saw over 213 listings sold above listed price, more than 279 sold at listed price and over 500 sold below. The inventory of homes for sale in Indianapolis, IN between July 2024 and August 2024 increased by 3.1%. The median list price of listings available in August 2024 was $244,956, while the average time on the real estate market was 28 days.

From Rocket Homes Real Estate and based on county public records data.

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