IN > Loogootee
Loogootee, IN 47553,803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD
Loogootee, IN 47553,803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD
Loogootee, IN 47553,803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD
10
See all 10 photos
$249,500
Est. payment /mo
Save Virtual Tour
5 Beds
2 Baths
1,880 SqFt
Active

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

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
30
Dec
Wed
31
Dec
2026
1
Jan
Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

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

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Barb Hays • F.C. TUCKER EMGE • Office: 812-482-1424

GET MORE INFORMATION

Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of RE/MAX 100, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD

MORE REAL ESTATE NEAR ME
There are 55 quick searches