601 S Walnut Street, Mount Summit, IN 47361
- $475,000
- 7
- BD
- 7
- BA
- 3,348
- SqFt
- List Price
- $475,000
- Status
- ACTIVE
- MLS#
- 202628922
- Days on Market
- 11
- Style
- One Story
- Year Built
- 1960
- Days On Market
- 11
- Bedrooms
- 7
- Bathrooms
- 7
- Living Area
- 3,348
- Above grade
- 3348
- Township
- Prairie
Property Description
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)
Additional Information
- Acres
- 0.54
- Taxes
- $6,552
- Exterior
- Brick, Wood
- Heating
- Electricity
- Cooling
- Window
- Appliances
- Building, Land
- Flooring
- Carpet, Vinyl
- Amenities
- Porch Covered, Storm Doors, Washer Hook-Up
- School District
- Blue River Valley Schools
- Elementary School
- Blue River Valley
- Middle School
- Blue River Valley
- High School
- Blue River Valley
- Agent Name
- Jon Kindred
Listing courtesy of Jon Kindred from Real Broker, LLC. 317-794-2827
IDX information is provided by the Indiana Regional MLS and is exclusively for the 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
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