Skip to main content
Back to Search Results
|

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

Show All 10 Photos
For Sale

$249,500

5 beds • 2 baths • 1,880 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $132.71
    Price per square foot

Explore this Property

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 seeking a property with immediate income and clear potential for growth, this one checks all the boxes.
MLS# 202546179

Courtesy Of F.C. Tucker Emge REALTORS

(812) 482-1424

Property Features

  • Amenities
    Deck
  • Appliances
    Range
  • Architecture Style
    Other
  • Floor Covering
    Carpet, Tile, Vinyl
  • Heating System
    Forced Air
  • Lot Size
    0.45 Acres
  • Roof Type
    Asphalt, Metal

Map and Directions

Directions to 803 & 805 REASON Avenue INCLUDES 111 TRUELOVE RD, Loogootee, IN 47553

Home seller CENTURY 21 Classic Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Classic Realty

(812) 254-5204
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.