Mount Summit, IN 47361 601 S Walnut Street
$475,000
27 more
Presented By: Jon Kindred with Real Broker, LLC;
Beds • 6
Baths • 7
SQFT • 3,348
Home Details
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. Tenants rights apply. (*interior photos have been digitally altered to remove some personal items)
Presented By: Jon Kindred with Real Broker, LLC;
Interior Features for 601 S Walnut Street
Bedrooms
Num. of 1 Bedrooms6
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms1
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms1
Unit 4-# of Bedrooms1
Unit 5-# of Bedrooms1
Unit 6-# of Bedrooms2
Above Grade Bedrooms7
Beds7
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Unit 6-# of Bathrooms2
Below Grade Baths
Other Interior Features
Unit 3 SqFt500
Unit 1 SqFt350
Unit 4 SqFt500
Unit 2 SqFt500
Unit 6 SqFt1000
Unit 5 SqFt500
Total Finished SqFt3348
Basement Y/NNo
Above Grade Finished SqFt3348
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Num. of Efficiencies1
BasementSlab
Dishwasher(s)
Disposal(s)
Dryer(s)2
FlooringCarpet, Vinyl
Microwaves
Ranges/Ovens7
Refrigerators7
Total Number of Units7
W/D Hookups2
Washers2
Other Rooms
Total Rooms Below Grade
General for 601 S Walnut Street
Age66
Agent First NameJon
Agent Last NameKindred
Annual Electric Expense8400
Annual Fuel Expense
Annual Insurance Expense6552
Annual Trash Expense1920
AreaHenry County
Assoc. Dues FrequencyNot Applicable
Associated Document Count1
Auction Y/NNo
Bathrooms7
CityMount Summit
ClassINVESTMENT
CoolingWindow
DOM5
Elementary SchoolBlue River Valley
FIPS Code18065
FeaturesPorch Covered, Storm Doors, Washer Hook-Up
Full Baths7
Half Baths
HeatingElectricity
High SchoolBlue River Valley
Legal DescriptionBRINSONS 1ST ADD LOT 80, N 55' LOT 70 & S 125' E PT 26.42' LOT 100
Middle SchoolBlue River Valley
Net Income44286
New ConstructionNo
OwnerPaysBuilding Insurance, Electric, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
Pet Restrictions Y/NNo
REONo
Rent Income71700
School DistrictBlue River Valley Schools
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count1
StyleOne Story
SubdivisionNone
Tax Year2026
Tenant PaysNone
Total Sq Ft3348
TownshipPrairie
TypeSevenplex
Virtual TourClick here
Year Built1960
Exterior for 601 S Walnut Street
Approx. Lot Size Acres0.537
ExteriorBrick, Wood
Lot DescriptionLevel
Lot Dimensions179 x 130
Lot Size Area23392
Number of Parking Spaces16
OutbuildingNone
PoolNo
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Blue River Valley Elementary School
Middle School
Blue River Valley Middle School
High School
Blue River Valley High School
Ryan Orr
Broker / Auctioneer