About 601 S Walnut Street
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)
Features of 601 S Walnut Street
| MLS® # | 202628922 |
|---|---|
| Price | $455,000 |
| Bedrooms | 7 |
| Bathrooms | 7.00 |
| Full Baths | 7 |
| Square Footage | 3,348 |
| Acres | 0.54 |
| Year Built | 1960 |
| Type | Multifamily |
| Sub-Type | Sevenplex |
| Status | Active |
Community Information
| Address | 601 S Walnut Street |
|---|---|
| Subdivision | None |
| City | Mount Summit |
| County | Henry County |
| State | IN |
| Zip Code | 47361 |
Amenities
| Features | Porch Covered, Storm Doors, Washer Hook-Up |
|---|---|
| Parking Spaces | 16 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Heating | Electricity |
| Cooling | Window |
| # of Stories | 1 |
| Stories | One Story |
| Has Basement | No |
| Basement | Slab |
Exterior
| Exterior | Brick, Wood |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | Blue River Valley Schools |
|---|---|
| Elementary | Blue River Valley |
| Middle | Blue River Valley |
| High | Blue River Valley |
Additional Information
| Days on Market | 56 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Jon Kindred |
|---|---|
| Office | Real Broker, LLC |