2409-11 S Lockburn Street Indianapolis, IN $ 200,000
2409-11 S Lockburn Street
$ 200,000
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2409-11 S Lockburn Street

Indianapolis, IN, 46241
$ 200,000
Baths0.0

Monthly Estimate*

$ 1,329

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $200,000. This home was built in 1940 on a lot size of 0.12.

Property to be sold AS-IS. Fully occupied & Cash Flowing Duplex available in the Mars Hill area of Indianapolis. Both sides have 2 bedrooms, & 1 bathroom with 1092sf living space and an unfinished basement. Units are renting for $1050/mo and $1100/mo with leases until Feb and March 2025. Tenants pay utilities. 2 car split garage behind the property gives each tenant one garage spot as well as ample street parking. Recent upgrades include appliances, kitchen cabinets (in one unit), new carpet & paint, new furnace, & replaced sewer line. Property still needs some repairs, and is in great condition for it's age. Perfect 1% rule rental that should qualify easily for a conventional or DSCR financing. Perfect addition to add 2 rental units to your investment portfolio to grow your cash flow and wealth!

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Multi-Family Active

Price

$ 200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,542

Style

Lot Size

0.12

Year Built

1940

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21984458

Features
General
Possession Subject To Tenants Rights
Roof Asphalt
Zoning residential
Garage Spaces 2
Year Built 1940
Tenant Pays All Utilities
Township Wayne
Levels Two
Property SubType Duplex
Tax Year 2023
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
High School District Indianapolis Public Schools
NumberOfUnitsTotal 2
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 5184
Waterfront Y/N N
Property Attached Y/N N
Current Financing Exchange - 1031 Conventional
Days on Market 6
Standard Status Active
Tax Lot 1930
Buyer Agent Compensation Type %
Legal Description Mars Hill L1930
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Interior
Basement Ceiling - 9+ feet Unfinished
Basement (Y/N) Y
Laundry Features Connections All
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Exterior
Parking Features Detached
Foundation Details Block
Lot Size Acres 0.12
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

Kevin@HudobaRealEstate.com

Email

Affordability Calculator

$1,791
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,329
Monthly Property Taxes
$462
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/12/2024$200,000 Listed Price

Map


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2409-11 S Lockburn Street, Indianapolis, IN, 46241 is a Multi-Family Home for sale at $200,000 with a lot size of 0.12. 2409-11 S Lockburn Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 46241 which is in Indianapolis, IN