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    • $475,000

    601 S Walnut St, Mount Summit, IN 47361

    7beds
    3,348sqft
    : 
    $3,113/mo
    Get pre-qualified
    Multi Family
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Tenant parking on propertyCoin-op laundry machinesFresh exterior paint
    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)
    10 days
    |
    280
    |
    22
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Kindred 765-465-9409,

    Real Broker, LLC

    Source: IRMLS,MLS#: 202628922MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 7
      • Full bathrooms: 7
      Heating
      • Electric
      Cooling
      • Window Unit(s)
      Appliances
      • Laundry: Washer Hookup
      Features
      • Flooring: Carpet, Vinyl
      • Doors: Storm Door(s)
      • Has basement: No
      Interior area
      • Total structure area: 3,348
      • Total interior livable area: 3,348 sqft
      • Finished area above ground: 3,348
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Total spaces: 16
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch Covered
      Lot
      • Size: 0.54 Acres
      • Dimensions: 179 x 130
      • Features: Level
      Details
      • Additional structures: None
      • Parcel number: 330721240241.000022

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Wood Siding
      • Foundation: Slab
      Condition
      • New construction: No
      • Year built: 1960

      Utilities & green energy

      • Sewer: City
      • Water: City

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Mount Summit

      Financial & listing details

      • Annual tax amount: $4,494
      • Date on market: 7/17/2026
      • Inclusions: Building, Land
      • Lease term: 12 Months,Negotiable
      • Total actual rent: 71700
      • Tenant pays: None
      Jon Kindred

      (765) 465-9409

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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/17/2026Listed for sale$475,000+5.6%
        Source: IRMLS #202628922 Report a problem
        4/5/2023Listing removed$450,000
        Source: IRMLS #202241258 Report a problem
        12/14/2022Price change$450,000-8.2%
        Source: IRMLS #202241258 Report a problem
        10/13/2022Pending sale$490,000
        Source: IRMLS #202241258 Report a problem
        10/4/2022Listed for sale$490,000
        Source: IRMLS #202241258 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 47361

        Getting around

        12 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Blue River Valley
        • Middle: Blue River Valley
        • High: Blue River Valley
        • District: Blue River Valley Schools

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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