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.
Loogootee is located in Indiana. Loogootee, Indiana has a population of 2,574. Loogootee is less family-centric than the surrounding county with 27.04% of the households containing married families with children. The county average for households married with children is 30.08%.
The median household income in Loogootee, Indiana is $42,279. The median household income for the surrounding county is $57,199 compared to the national median of $69,021. The median age of people living in Loogootee is 42.5 years.
The average high temperature in July is 87.1 degrees, with an average low temperature in January of 21.9 degrees. The average rainfall is approximately 48 inches per year, with 11.9 inches of snow per year.
