601 S Walnut Street, Mount Summit, IN 47361

Mount Summit
Local realty services provided by:ERA Crossroads
601 S Walnut Street,Mount Summit, IN 47361
$475,000
Virtual Tour
  • 7 Beds
  • 7 Baths
  • 3,348 sq. ft.
  • Multi-family
  • Active
Listed by: jon kindred
Office: real broker, llc.
MLS#:202628922
Source:Indiana Regional MLS

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 #:202628922
  • Added:2 day(s) ago
  • Updated:July 20, 2026 at 03:13 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7
  • Flooring:Carpet, Vinyl
  • Basement Description:Slab
  • Living area:3,348 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Electricity

Structure and exterior

  • Year built:1960
  • Building area:3,348 sq. ft.
  • Lot area:0.54 Acres
  • Lot Features:Level
  • Architectural Style:One Story
  • Construction Materials:Brick, Wood
  • Exterior Features:Porch Covered
  • Levels:1 Story

Schools

  • High school:Blue River Valley
  • Middle school:Blue River Valley
  • Elementary school:Blue River Valley

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$141.88
  • Tax amount:$6,552

Features and amenities

  • Laundry features:Washer Hook-Up
  • Amenities:Storm Doors
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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