601 S Walnut St Unit Mt Summit Mount Summit, IN 47361
Estimated payment $2,980/month
Highlights
- Deck
- Wood Siding
- Heating Available
- 1-Story Property
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)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,494
Year Built
- Built in 1960
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 3,348 Sq Ft Home
- 1-Story Property
- Electric Range
Utilities
- Window Unit Cooling System
- Heating Available
- Gas Available
- Electric Water Heater
Additional Features
- Deck
- 23,392 Sq Ft Lot
Community Details
Overview
- 7 Units
Building Details
- Insurance Expense $6,552
- Utility Expense $14,448
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,648 | $372,400 | $118,900 | $253,500 |
| 2024 | $1,730 | $366,600 | $118,900 | $247,700 |
| 2023 | $1,612 | $347,700 | $108,100 | $239,600 |
| 2022 | $1,748 | $323,100 | $105,300 | $217,800 |
| 2021 | $1,421 | $272,900 | $91,400 | $181,500 |
| 2020 | $1,456 | $251,400 | $85,400 | $166,000 |
| 2019 | $1,458 | $245,500 | $85,400 | $160,100 |
| 2018 | $1,542 | $246,600 | $85,400 | $161,200 |
| 2017 | $1,481 | $236,500 | $85,400 | $151,100 |
| 2016 | $1,445 | $232,400 | $85,400 | $147,000 |
| 2014 | $618 | $144,900 | $26,700 | $118,200 |
| 2013 | $618 | $136,700 | $26,300 | $110,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2026 07/17/26 | For Sale | $475,000 | -- | $142 / Sq Ft |
Source: Richmond Association of REALTORS®
MLS Number: 10054238
- 601 S Walnut St
- 207 N Walnut St
- 5158 NW High St
- 4043 N County Road 100 E
- 3052 N Gary St Unit 48
- 3052 N Gary St Unit 136
- 3052 N Gary St Unit 15
- 3052 N Gary St Unit 112
- 3052 N Gary St Unit 113
- 3052 N Gary St Unit 24
- 3052 N Gary St Unit 110
- 3052 N Gary St Unit 19
- 3052 N Gary St Unit 137
- 3052 N Gary St Unit 138
- 3052 N Gary St Unit 114
- 3052 N Gary St Unit 21
- 3052 N Gary St Unit 6
- 3*** W County Road 300 N
- 1055 E County Road 300 N
- 0 NW Corner of 950 N & Prairie Unit 202623643
- 3052 N Gary St Unit 139
- 3052 N Gary St Unit 132
- 3052 N Gary St Unit 116
- 3052 N Gary St Unit 140
- 3052 N Gary St Unit 111
- 2120 Spring St
- 108 N 6th St
- 2404 State St Unit 2
- 2404 State St Unit 4
- 2404 State St
- 716 S 14th St
- 1628 A Ave
- 1602 D Ave Unit 1
- 1602 D Ave
- 1602 D Ave
- 1602 D Ave Unit 3
- 1127 S 18th St Unit 1127 S 18th Street
- 300 Glenwood Dr Unit 311
- 1001 W Colonial Dr
- 713 Efficiency Muncie
Ask me questions while you tour the home.