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601 S Walnut Street Mount Summit, IN $ 475,000
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$ 475,000 Get more info
601 S Walnut Street
$ 475,000
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601 S Walnut Street

Mount Summit, IN, 47361
$ 475,000
Bedrooms6 Baths7.0 Sq 3,348

Monthly Estimate*

$ 2,999

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Multi-Family Home for sale in Mount Summit, IN

for $475,000 with 6 bedrooms and 7 full baths. This 3,348 square foot home was built in 1960.

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. Tenants rights apply. (*interior photos have been digitally altered to remove some personal items)

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Multi-Family Active

Price

$ 475,000

Bedrooms

6

Full Bath

7

Property Type

Multi-Family

Taxes

$ 4,494

Style

Sevenplex

Year Built

1960

Town/City

Mount Summit

County/Region

Henry

MLS | Web ID

202628922
Features
General
Heating Electricity
Cooling Window
Sewer City
Status Active Active
Full Baths 7
Half Baths 0
Bathrooms 7
Year Built 1960
New Construction No
Tenant Pays None
Subdivision None
Style One Story
Stories Count 1
Township Prairie
Class INVESTMENT
Type Sevenplex
Age 66
Net Income 44286
Rent Income 71700
Features Porch Covered Storm Doors Washer Hook-Up
REO No
Status Detail 0
Area Henry County
High School Blue River Valley
City Mount Summit
School District Blue River Valley Schools
Total Sq Ft 3348
Elementary School Blue River Valley
Middle School Blue River Valley
Legal Description BRINSONS 1ST ADD LOT 80 N 55' LOT 70 & S 125' E PT 26.42' LOT 100
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202628922
Agent First Name Jon
Agent Last Name Kindred
DOM 12
Tax Year 2026
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Interior
Basement Slab
Flooring Carpet Vinyl
Beds 7
Total Number of Units 7
Microwaves 0
Refrigerators 7
Washers 2
Dryer(s) 2
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 7
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 7
W/D Hookups 2
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Exterior
Exterior Brick Wood
Pool No
Number of Parking Spaces 16
Lot Size Area 23392
Lot Dimensions 179 x 130
Lot Description Level
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Jon Kindred

Listing Agent

Real Broker, Llc

Broker

JonKindredGroup@gmail.com

Email

Affordability Calculator

$3,374
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,999
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1235664 Elementary School
5168110 Middle School
Blue River Valley High School High School
Pricing History
DatePricePrice ChangeDescription
7/17/2026$475,000 Listed Price

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601 S Walnut Street, Mount Summit, IN, 47361 is a Multi-Family Home for sale at $475,000 with 3,348 sqft. 601 S Walnut Street has 6 bedrooms, 7.0 baths, and was built in 1960. The property's zip code is 47361 which is in Mount Summit, IN

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