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Courtesy of Real Broker, LLC, Jon Kindred, 765-465-9409
7 Beds
7 Baths
3,348 sqft

$455,000

601 S Walnut Street, Mount Summit IN, 47361

Price per sqft$135.90
Built in1960
Property size3,348 sqft
Property typeMulti-family

Overview

Active

Updated 12 days ago

CAP RATE of 9.7%. 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)

$3,027/mo

Est. mortgage payment based on a $455,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202628922

Interior Features

Bedrooms
7
Bathrooms
7
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.54 Acres

Other Property Details

Taxes
$4,494
Tax Frequency
Annually
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 12:31 AM UTC, 9/28/2026

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