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About This Home
This 0-bedroom, 0-bathroom multi-family at 24 S Euclid Avenue in Indianapolis, IN is listed for $129,000. Built in 1924, on a 0.13 acres lot.
Repriced to reflect current market conditions and positioned for immediate upside, this 2 bed / 1 bath per unit duplex in Christian Park presents a strong value-add opportunity just five miles east of downtown Indianapolis. One unit is currently leased month-to-month at $900, with the second unit vacant and ready for lease.
At stabilized rents of $900 per side, the property offers compelling income potential with a projected 11%+ cap rate and strong debt coverage under current financing conditions. Major capital improvements have already been completed, including a new roof, siding, and gutters in 2022, new HVAC and central air, updated laminate flooring, tiled showers, and a new water heater in 2025. With these big-ticket items addressed, investors and owner occupants can step into reduced near-term maintenance exposure.
Key Features
- Built in 1924
- 0.13 acre lot
Property Details
Amenities
Monthly Cost Estimate
$690/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
24 S Euclid Avenue
Indianapolis, IN 46201
Haywoods Boulevard
Property Details
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 24 S Euclid Avenue is listed at $129,000. The estimated monthly payment is $559 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.13 acre lot.
This property is listed by Colton Haymon and can be reached at 6303011274 or colton@atpropertiesind.com.