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501 N 2nd Street

Vincennes, IN, 47591

  • Price $74,900
  • Beds3
  • Baths1
  • Sq. Ft.1463
  • MLS #202414605
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    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 has 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 home to add to your portfolio. Due to the tenant and current lease, this home will not qualify for any government loan types.
    Bedrooms
    3
    Style
    One Story
    Bathrooms
    1
    County
    Knox County
    Lot Size
    0.1100
    Year Built
    1880
    Water
    Public
    Sewer
    Public
    Sq, ft. finished
    1,463sq. ft (approx.)
    Sq, ft. total
    1829sq. ft (approx)
    Garage
    No - 0.0 car
    Subdivision
    Judah & Mantles
    Flooring
    Hardwood Floors,Tile
    Cooling
    Central Air
    Heating
    Gas,Forced Air
    Basement
    Crawl,Partial Basement
    Fireplaces
    1 - Dining Rm
    Exterior
    Vinyl
    Roof
    Asphalt
    Annual Taxes
    811.48
    Association Dues
    0.00
    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
    Refrigerator,Water Heater Gas
    District
    Vincennes Community School Corp.
    Elementary
    Tecumseh-Harrison
    Middle School
    Clark
    High School
    Lincoln
    IDX information provided by the Indiana Regional MLS
    Listing provided courtesy of Tyler Simmons of KLEIN RLTY&AUCTION, INC., 812-890-1827.

      Tyler Simmons

      Realtor
      Cell: (812) 890-1827

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    Testimonial

    Tyler is awesome. He knows the market like the back of his hand. He's very responsive and always willing to help!
    Dalton Dellinger

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    Frequently asked questions

    Why does the mortgagee sometimes require a Survey of the property?
    Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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    Disclaimer

    IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

    Listing Data updated: November 23, 2024, 7:00 pm
    IDX information provided by the Indiana Regional MLS