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

5 Beds

2 Baths

1,880 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 1,880 sqft

MLS Listing ID 202546179

Style Other

Bedrooms 5

Full Baths 2

Abv Grd Liv Area 1,880

Total Fin. Sqft 1880

Year Built 1991

Annual Tax Amount $891

Tax Year 2025

Lot Size 0.450 Acres

Property Sub-Type Other

Property Description

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.

Location

State IN

County Martin County

Area Martin County

Direction From Hwy 50 (west of Car Wash) in Loogootee go North on John C Strange Ave, Turn Left at stop sign onto Park Ave, Turn Right onto Lincoln Ave, Turn Left onto Reason Ave and Property will be on your left.

Rooms

Family Room 850 x 0

Dining Room 0 x 700

Interior

Flooring Carpet, Vinyl Tile, Vinyl

Appliance Building, Land

Laundry , 4

Exterior

Garage Spaces 1.0

Amenities Available Off Street Parking, Deck Covered, Water Heater Electric

Roof Type Asphalt,Metal

Total Parking Spaces 4

Building

Lot Description Corner, Level

Story 1

Structure Type Aluminum,Vinyl

New Construction No

Schools

Elementary Schools Loogootee

Middle Schools Loogootee

High Schools Loogootee

School District Loogootee Community S.D.

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202546179

IDX information provided by the Indiana Regional MLS

Listed by Barb Hays • F.C. TUCKER EMGE • Office: 812-482-1424

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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Indianapolis, IN

Trueblood Real Estate

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

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD

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