601 S Walnut Street, Mount Summit, IN 47361

Mount Summit
Local realty services provided by:Better Homes and Gardens Real Estate First Realty Group
601 S Walnut Street,Other, IN 47361
$475,000
  • - Beds
  • - Baths
  • 3,348 sq. ft.
  • Multi-family
  • Active
Listed by: jon kindred
Office: real broker llc.
MLS#:10054238
Source:IN_RAR

Price summary

  • Price:$475,000
  • Price per sq. ft.:$141.88

About this home

CAP RATE of 9.3%. Turnkey 7-UNIT investment opportunity in this fully occupied, one-level apartment building conveniently located in Mount Summit, IN. Built in 1960, it has a total 3,348 square feet of living area resting on a spacious .537 acre lot. Six of the units are 1 bedroom, one-bathroom and approximately 500 SF each. The 7th unit is an efficiency unit with approximately 350 SF of living space. The spacious lot allows for tenant parking on property. Recent updates include a spacious deck for outdoor gatherings, fresh exterior paint, and coin-op laundry machines. Owner pays all utilities and maintenance. Tenant’s rights apply. (*interior photos have been digitally altered to remove some personal items)

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Home facts

  • Year built:1960
  • Listing ID #:10054238
  • Added:10 day(s) ago
  • Updated:September 01, 2026 at 03:09 PM

Rooms and interior

  • Living area:3,348 sq. ft.

Heating and cooling

  • Cooling:Window

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1960
  • Building area:3,348 sq. ft.
  • Lot area:0.54 Acres
  • Construction Materials:Brick, Wood
  • Exterior Features:Deck
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$141.88
  • Tax amount:$2,247

Features and amenities

  • Amenities:Electric Water Heater

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