501 N 2nd Street, Vincennes, IN 47591

$89,900 Asking Price

3 beds
1 bath
1,829  sqft
Built in 1880

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.

Features & Amenities

Interior

Basement:
Crawl,Partial Basement
Flooring:
Hardwood Floors,Tile
A/C:
Central Air
Heating:
Gas,Forced Air
Fireplace:
Dining Rm, Fireplace, Fireplaces: 1

Exterior

General:
Vinyl
Style:
Bungalow

Construction

Roofing:
Asphalt
General:
One Story, Crawl,Partial Basement

Location

HOA Amenities:
Not Applicable
School District:
Vincennes Community School Corp.

Lot

Zoning:
C2, JUDAH MANTLE LOTS 12 & 13 PT LOT 11, 42-12-21-112-005.000-022

Utilities

Water:
Public

This listing courtesy of:
KLEIN RLTY&AUCTION, INC., Tyler Simmons

About Vincennes, IN

Housing

Number of Units
11,716
Median Home Value
$114,771
Median Rent
$650

40.56% of housing units are renter occupied.

10.64% are vacant.

Commute

Car
90.54%
Public Transportation
0.52%
Walk to Work
3.61%
Work from Home
2.83%
Other
1.31%

The median travel time to work is 18 minutes.

People

Population
24,737
Median Age
39.90
Median Household Size
2.52

Education

High School
33.21%
Associate’s Degree
15.71%
Bachelor’s Degree
10.78%
Graduate Degree
8.32%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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