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$89,900   Price Analysis
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501 N 2nd St
Vincennes, IN 47591
3 bed 1 bath 1,463 SqFt ($61/SqFt)
4,792SqFt lot. Built 1880
Listed 2024-04-29, Taxes $758
USDA Eligible
near Vincennes, IN
 

Income producing home with long term tenant!

This is a 3 bedroom, 1 bathroom home in Old Town Vincennes that has proven rental history. The current tenant is paying $700/month, has been there over 10 years and has an extended lease until January of 2027.

This home ha s an added bonus, as it formerly had another 2 bedrooms and a bathroom upstairs prior to being closed off. This home has plenty of space and is the perfect investment hom to add to your portfolio. Due to the tenant and current lease, this home will not qualify for any government loan types.


Presented by Tyler Simmons, Certified Residential Specialist at
Klein Real Estate.
Listing Agent Photo

Property MLS #202414605 from IRMLS

Bedrooms: 3
Bedroom 1 Dimensions: 15 x 16
Bedroom 2 Dimensions: 10 x 12
Bedroom 3 Dimensions: 10 x 12
Bedroom 1 Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Main

Total Rooms: 6
Living Room Level: Main
Basement Description: Crawl, Partial Basement

Total Bathrooms: 1 / 0
Full Bathrooms: 1
Full Bathrooms On Main Level: 1

Cooling Features: Central Air
Fireplace Features: Fireplace: Yes
Heating Features: Gas, Forced Air
Number of Fireplaces: 1

Furnished Description: Refrigerator, Water Heater Gas
Flooring: Hardwood Floors, Tile

Dining Room Dimensions: 11 x 16
Dining Room Level: Main
Kitchen Dimensions: 14 x 15
Kitchen Level: Main

Vinyl

Lot Description: Corner, 0-2.9999
Lot Size Acres: 0.1100092
Lot Size Dimensions: Rectangle
Lot Size Square Feet: 4792

Off Street Parking: No

Elementary School: Tecumseh-Harrison
High School: Lincoln
Middle School: Clark
School District: Vincennes Community School Corp.

Lincoln High School is a public high school located approximately 2.6 miles away.
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Rivet Jr Sr High School is a private middle and high school located approximately 0.5 miles away.
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James Whitcomb Riley Elementary School is a public elementary school located approximately 0.7 miles away.
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George Rogers Clark School is a public middle school located approximately 2.7 miles away.
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Sidewalks
Community Features: Countertops-Laminate, Dryer Hook Up Electric, Patio Open, Porch Covered, Range/Oven Hook Up Elec, Tub/Shower Combination, Formal Dining Room, Main Floor Laundry, Washer Hook-Up

Annual Tax Amount: 811.48
Source Listing Status: Active
County: Knox County
Directions: From 6th St., and Hart St., head NW on Hart St., turn left on 2nd St., property will be on the left.
Source Property Type: RESIDENTIAL
Source Neighborhood: Judah & Mantles
Parcel Number: 42-12-21-112-005.000-022
Property Location: City/Town/Suburb
Subdivision: Judah & Mantles
Township: Vincennes
Property Subtype: Site-Built Home
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$32,800 + $3,900
$36,700
$758
2020$31,100 + $3,900
$35,000
$722
2019$31,000 + $3,700
$34,700
$726
2019$30,600 + $3,800
$34,400
$726
2018$31,200 + $3,700
$34,900
$731
2017$32,500 + $3,700
$36,200
$736
2016$32,200 + $3,700
$35,900
$763
2015$34,500 + $3,700
$38,200
$742
2013$35,200 + $600
$35,800
$1,409
2012$59,900 + $600
$60,500
$1,214
2011$48,300 + $6,900
$55,200
$873
2010$30,200 + $6,900
$37,100
$638
2008$28,500 + $6,900
$35,400
$1,063

Listed 2024-04-29
$89,900
IRMLS

Total Square Feet Living: 1463
Year Built: 1880
Above Grade Finished Area: 1463
Below Grade Unfinished Area: 366
Other Buildings: Outbuilding 1 Length: 8, Outbuilding 1 Width: 8, Outbuilding 1: Shed
Property Age: 144
Roof: Asphalt
Levels or Stories: 1
House Style: One Story
Total Area Sqft: 1829
Total Below Grade Area: 366
Architectural Style: Bungalow

Sewer: Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.