2409 11 S Lockburn Street
Indianapolis, IN 46241
- – beds
- – baths
- – sqft
- 5,184 sqft lot
- 1940 build
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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!
Last checked:
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Last updated Oct 16, 2024
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MLS# 21984458 —
The Building
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Year Built:1940
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New Construction:false
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Levels:Two
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Roof:Asphalt
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Basement:true
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Basement:Ceiling - 9+ feet, Unfinished
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Foundation Details:Block
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Green Certification:No
Interior
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Laundry Features:Connections All
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:GPS Friendly
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Latitude:39.731134
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Longitude:-86.227337
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Attached:false
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Parcel Number:491120118260000900
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,184 Sqft
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Price Per Acre:1458333
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Zoning:residential
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Waterfront:false
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Fence:No
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Current Use:Residential
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Road Access:Access Rd
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 647-5559
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:1930
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Tax Year:2023
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Tax Exemptions:None
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Semi Annual Property Tax Amt:2771
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
Parking
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Parking:2 Car Garage,On Street
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Parking Features:Detached
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Garage Spaces:2
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/11/24
Oct 11, 2024
|
Sold | MIBOR | $175,000 | -2.7% |
|
8/30/24
Aug 30, 2024
|
Pending | MIBOR | $179,900 | |
|
8/23/24
Aug 23, 2024
|
Price Changed | MIBOR | $179,900 | -5.3% |
