601 S Walnut St Mount Summit, IN 47361
Estimated payment $2,980/month
Highlights
- Covered Patio or Porch
- Level Lot
- Carpet
- Storm Doors
- Wood Siding
- 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
Lot Details
- 23,392 Sq Ft Lot
- Lot Dimensions are 179 x 130
- Level Lot
Parking
- 16 Parking Spaces
Home Design
- Brick Exterior Construction
- Slab Foundation
- Wood Siding
Interior Spaces
- 3,348 Sq Ft Home
- 1-Story Property
- Storm Doors
- Washer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Full Bathrooms
Schools
- Blue River Valley Elementary And Middle School
- Blue River Valley High School
Additional Features
- Covered Patio or Porch
- Window Unit Cooling System
Listing and Financial Details
- Assessor Parcel Number 33-07-21-240-241.000-022
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $8,400
- Insurance Expense $6,552
- Trash Expense $1,920
- Water Sewer Expense $6,048
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 | $4,494 | $224,100 | $34,400 | $189,700 |
| 2024 | $4,472 | $223,600 | $34,400 | $189,200 |
| 2023 | $1,448 | $72,400 | $28,100 | $44,300 |
| 2022 | $1,468 | $73,400 | $28,100 | $45,300 |
| 2021 | $1,402 | $70,100 | $28,100 | $42,000 |
| 2020 | $1,414 | $70,100 | $28,100 | $42,000 |
| 2019 | $1,427 | $70,100 | $28,100 | $42,000 |
| 2018 | $1,414 | $70,100 | $28,100 | $42,000 |
| 2017 | $1,920 | $69,500 | $28,100 | $41,400 |
| 2016 | $1,402 | $69,500 | $28,100 | $41,400 |
| 2014 | $1,323 | $66,100 | $28,100 | $38,000 |
| 2013 | $1,323 | $64,400 | $28,100 | $36,300 |
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 |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | Commercial |
Source: Indiana Regional MLS
MLS Number: 202628922
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID
- 601 S Walnut St Unit Mt Summit
- 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.