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Denise Jarboe

denise@theharrisgrouprealty.com +1(270) 993-6433

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

$230,000

Est. payment - /mo

5 Beds

2 Baths

1,880 SqFt

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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 IRM202546179

Style Other

Bedrooms 5

Full Baths 2

HOA Y/N No

Year Built 1991

Annual Tax Amount $915

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Lot Dimensions 19,600 SF

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. Return on Investment in just 7 years. 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 such as swiming pool , city Park, Pickle Ball courts, and ample employment opportunities, 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

Rooms

Basement None

Interior

Heating Electric, Gas, Forced Air

Inclusions Building, Land

Fireplace N

Exterior

Parking Features Gravel, Off Street

View Y/N true

Total Parking Spaces 4

Building

Lot Description Corner Lot, Level

Story Other

Sewer Public Sewer

Water City

Level or Stories Other

New Construction No

Schools

Elementary Schools Loogootee

Middle Schools Loogootee

High Schools Loogootee

School District Loogootee Community S.D.

Others

Pets Allowed No

Tax ID 51-08-25-200-185.000-008

Monthly Total Fees $1, 376

Acceptable Financing IRM202546179

Listing Terms IRM202546179

Special Listing Condition None

Pets Allowed No

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

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NEARBY SCHOOL & BUSINESS

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Denise Jarboe

+1(270) 993-6433

Broker Associate License ID: RB20000819

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

Denise Jarboe

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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