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803 & 805 Reason Avenue #INCLUDES 111 TRUELOVE RD, Loogootee, IN 47553

Loogootee
Local realty services provided by:CENTURY 21 Scheetz
803 & 805 Reason Avenue #INCLUDES 111 TRUELOVE RD,Loogootee, IN 47553
$249,500
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  • 5 Beds
  • 2 Baths
  • 1,880 sq. ft.
  • Multi-family
  • Active
Listed by: barb haysOffice: 812-482-1424
Office: f.c. tucker emge
MLS#:202546179
Source:Indiana Regional MLS

Price summary

  • Price:$249,500
  • Price per sq. ft.:$132.71

About this home

Prime Investment Opportunity – 2 City Lots with Multiple Income Streams Unlock exceptional rental potential with this unique property featuring two active rentals plus room to add a third. Situated on two spacious city lots, this investment offers flexibility, strong cash flow, and desirable long-term upside. Property Highlights: Two current rentals producing income: • 3 Bed 1 Bath, Mobile Home Rental – steady tenant appeal - 12 x 70 (840 SF) • 2 Bed 1 Bath Pole Barn House Rental – versatile living space with solid rental history - 40 X 26 (1040 SF) Expandable Portfolio – The additional vacant lot already has electric, water, and sewer, making it ideal for adding a third rental unit with minimal groundwork. Low-maintenance setup designed for reliable occupancy and attractive returns. Convenient in-town location, close to amenities and employment, boosting rental demand. Currently on 1 year leases that expire 1 Nov 2026. Whether you're expanding your investment portfolio or...

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Home facts

  • Year built:1991
  • Listing ID #:202546179
  • Added:118 day(s) ago
  • Updated:March 01, 2026 at 03:55 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Vinyl, Vinyl Tile
  • Living area:1,880 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electricity, Forced Air, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Metal
  • Year built:1991
  • Building area:1,880 sq. ft.
  • Lot area:0.45 Acres
  • Lot Features:Corner, Level
  • Construction Materials:Aluminum, Vinyl
  • Exterior Features:Deck Covered

Schools

  • High school:Loogootee
  • Middle school:Loogootee
  • Elementary school:Loogootee

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$249,500
  • Price per sq. ft.:$132.71
  • Tax amount:$891

Features and amenities

  • Amenities:Water Heater Electric

Parking

  • Parking description:Gravel Driveway, Off Street Parking
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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