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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
Bedrooms-- Baths-- Sq 3,348

Monthly Estimate*

$ 2,999

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Commercial Property for sale in Mount Summit, IN

for $475,000. This 3,348 square foot building was built in 1960 on a lot size of 0.54.

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)

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Commercial Active

Price

$ 475,000

Property Type

Commercial

Taxes

$ 4,494

Style

Multi-Family 5+

Lot Size

0.54

Year Built

1960

Town/City

Mount Summit

County/Region

Henry

MLS | Web ID

22112913
Features
General
Utilities Electricity Connected Sewer Connected Water Connected See Remarks
Possession Subject to Tenant Rights
Roof Asphalt Shingle
Zoning R3
Garage Spaces 0
Year Built 1960
Tenant Pays Insurance
Stories Count 1
Township Prairie
Levels One
Property Subtype Multi-Family 5+
Tax Year 2026
Current Use Residential
Building Name Summit Suites
County Henry
Net Operating Income 44286
Operating Expense 20862
Insurance Expense 6552
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Mount Summit
High School District Blue River Valley Schools
Number Of Units Total 7
MLS Area 3303 - Henry - Prairie
Lot Size Square Feet 23392
Additional Parcels Y/N N
Standard Status Active
Tax Lot 80 70
Cap Rate 9
Legal Description Brinsons 1st Add Lot 80 N 55' Lot 70 & S 125' E Pt 26.42' Lot 100
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Exterior
Parking Features Common
Foundation Details Slab
Building Area Total 3348
Lot Size Acres 0.54
Waterfront Y/N N
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Interior
Basement (Y/N) N
Laundry Features Laundry Room Main Level
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* Excluded Features
List By
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
4048251 Elementary School
4048254 Middle School
Unknown 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 Commercial Property for sale at $475,000 with 3,348 sqft and a lot size of 0.54. 601 S Walnut Street was built in 1960. The property's zip code is 47361 which is in Mount Summit, IN

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