601 S Walnut St, Mount Summit, IN 47361
- $455,000
- 7
- BD
- 7
- BA
- 3,348
- SqFt
Listing courtesy of Jon Kindred from Real Broker, LLC.
- List Price
- $455,000
- Status
- ACTIVE
- MLS#
- 202628922
- Price Change
- ▼ $20,000 1788909018
- Year Built
- 1960
- Days On Market
- Unknown
- Bedrooms
- 7
- Bathrooms
- 7
- Living Area
- 3,348
- Township
- Prairie
Property Description
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)
Additional Information
- Acres
- 0.54
- Taxes
- $4,494
- Lot Features
- Level
- Water
- City
- Heating
- Electric
- Cooling
- Window/Wall
- Flooring
- Carpet, Vinyl
- 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
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 