1226 North Locke Street

Kokomo, IN 46901

$159,900
Price
5
Beds
2
Baths
2,008 Sq. Ft.
$80 / Sq. Ft.
2,008
Sq. Ft.
$80
per Sq. Ft.

Description

This fully rented Kokomo duplex presents an immediate cash flow opportunity. Recently renovated within the past six months, the property boasts a new roof, fresh siding, and modern interior updates. The high-efficiency HVAC system, less than two years old, ensures comfort and energy efficiency. With leases in place generating $1,000/month for the 2-bedroom, 1-bathroom top unit and $1,200/month for the 3-bedroom, 2-bathroom bottom unit with convenient access to laundry hookups in the basement, and...This fully rented Kokomo duplex presents an immediate cash flow opportunity. Recently renovated within the past six months, the property boasts a new roof, fresh siding, and modern interior updates. The high-efficiency HVAC system, less than two years old, ensures comfort and energy efficiency. With leases in place generating $1,000/month for the 2-bedroom, 1-bathroom top unit and $1,200/month for the 3-bedroom, 2-bathroom bottom unit with convenient access to laundry hookups in the basement, and the seller currently paying all utilities, this property offers immediate income potential. Don't miss this chance to own a turnkey investment in a growing market.
  1. Listed by Jordan Wildman • eXp Realty, LLC

Property Details for 1226 North Locke Street

Style
One and Half Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/16/2024 06:02 PM

Property Details for 1226 North Locke Street

StatusPrice Change
MLS #202446458
Days on Market12
Taxes$1,957 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1919
Lot Size0.22 AC / 9,496 SF
CountyHoward County

Building Information for 1226 North Locke Street

Stories1Residences2Year Built1919Building Size-Lot Size0.22 AC / 9,496 SF

Property Information for 1226 North Locke Street

Summary
Location and General Information
  • Area: Howard County
  • City: Kokomo
  • Zip + 4: 3036
  • Zip Code: 46901
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -86
  • Fips Code: 18067
  • Directions To Property: Enter address into Google maps.
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 34-04-30-326-002.000-002
School Information
  • School District: Kokomo-Center Township Cons. S.D.
  • Elementary: Sycamore
  • Middle School: Bon Air
  • High School: Kokomo
Parking
  • Number Of Parking Spaces: 2
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.22
  • Lot Dimensions: 94X101
  • Lot Number: 12
  • Below Grade Unfin Sqft: 876.0
  • Total Square Feet: 2884.0
  • Approx Lot Size Sqft: 9496.0
  • Above Grade Finished Sqft: 2008.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 876.0
  • Total Finished Sqft: 2008.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner, Level, Slope
Property and Assessments
  • New Construction: No
  • Year Built: 1919
  • Age: 105
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Patio Open, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 2
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Partially Finished
  • Cooling: Central Air
  • Flooring: Mixed
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 5
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $1,200.00
  • Annual Fuel Expense: $1,800.00
  • Annual Gross Rent $: $26,400
  • Annual Insurance Expense: $1,509
  • Annual Maint. Expense: $2,000
  • Annual Misc: $0
  • Annual Net Income: $17,334
  • Annual Property Tax: $1,957
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $600
  • Gross Monthly Income: $2,200
  • Gross Monthly Rent: $2,200
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 2
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $1,200.00
  • Unit 1-Electric: Owner
  • Unit 1-Garage Type: None
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 0
  • Unit 1-Gas: Owner
  • Unit 1-Laundry Room: Basement
  • Unit 1-Lease Exp Date: 08-14-2025
  • Unit 1-Level: Lower
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $1,200
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $1,000.00
  • Unit 2-Electric: Owner
  • Unit 2-Garage Type: None
  • Unit 2-Garage: No
  • Unit 2-Garage/Num of Cars: 0
  • Unit 2-Gas: Owner
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 08-14-2025
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $1,000
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Maintenance, Tax, Water
  • Tenant Pays: None

Property History for 1226 North Locke Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1226 North Locke Street

Taxable ValueLand$8,900Additions$88,600Total$97,500
Tax Record2023$1,957 ($163 / month)
Home Facts
Beds5Baths2Total Finished SqFt2,008 SqFtAbove Grade Finished SqFt2,008 SqFtStories2Lot Size9,496 SqFtStyleSingle Family ResidenceYear Built1919CountyHOWARDAPN34-04-30-326-002.000-002

Schools near 1226 North Locke Street

This home is within Kokomo School Corporation.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Bon Air Elementary School
PublicPK to 2

Maple Crest Middle School
Public6 to 8

Kokomo High School
Public9 to 12

Bon Air Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1226 North Locke Street is a multi-family home for sale in Kokomo, IN 46901. This property was listed for sale on December 6, 2024 by eXp Realty, LLC, it's currently listed at $159,900. This listing's school district is Kokomo School Corporation. Nearby schools include Bon Air Elementary School, Maple Crest Middle School and Kokomo High School. 1226 North Locke Street is a 5-bed, 2-bath, 2,008 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.