Listing provided courtesy of F.C. TUCKER EMGEBarb HaysMLS# 202546179MLS ProviderContact Information: Office: 812-482-1424
  • 229 days on site
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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.

Source: Indiana Regional MLS, MLS#: 202546179

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  • Property Type
    Residential Income
  • Lot
    0.45 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 803 & 805 REASON Avenue #INCLUDES 111 TRUELOVE RD


Schools

School data unavailable,
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/12/2026Source: Indiana Regional MLS Price Reduction
$235,000 -1.9%
3/30/2026Source: Indiana Regional MLS Price Reduction
$239,500 -4.0%
11/14/2025Source: Indiana Regional MLS Added to Database
November 14, 2025