803 & 805 Reason Avenue, Unit INCLUDES 1
Loogootee, IN 47553
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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: F.C. TUCKER EMGE
Agency Contact: Office: 812-482-1424
Agent Name: Barb Hays
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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803 & 805 Reason Avenue, Unit INCLUDES 1 | MLS# 202546179
This multi-family property located at 803 & 805 Reason Avenue, Unit INCLUDES 1, Loogootee, IN 47553 is currently listed for sale with an asking price of $239,500. & 805 Reason Avenue, Unit INCLUDES 1 is located within the Loogootee Community S.D. school district. Search Loogootee real estate on www.coldwellbanker1stchoice.com today.