BEDS7
BATHS7 full
SQUARE FEET3,348
MLS#202628922
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBlue River Valley Schools
Property Description
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 Features
Property Type: Multi Unit - Multiple
Basement: Slab
Cooling: Window
Heating: Electricity
Home Style: Sevenplex
Lot Size: 0.54 Acres
Stories: 1.0
Year Built: 1960
Feature Descriptions
Above Grade Finished SQFT: 3348
Amenities: Porch Covered, Storm Doors, Washer Hook-Up
Days on Site: 31
Exterior: Brick, Wood
Lot: Level
Lot Dimensions: 179 x 130
Owner Pays: Building Insurance, Electric, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
Sale Inclusions: Building, Land
Sewer: City
Total Finished SQFT: 3348
Units: 7
Water: City
Local Schools
High School: Blue River Valley
Middle School: Blue River Valley
Elementary School: Blue River Valley
School District: Blue River Valley Schools
Listed By / Shown By
Listed By
Agency Name: Real Broker, LLC
Agent Name: Jon Kindred
Agency Phone: 317-794-2827
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS
Estimate Your Payment
Estimated Payment
$ 2,795.56 per month $2,657.02 Principal & Interest $0.00 Property Tax (data not provided by mls) $138.54 Homeowner's Insurance
601 S Walnut Street | MLS# 202628922
This multi-family property located at 601 S Walnut Street, Mount Summit, IN 47361 is currently listed for sale with an asking price of $475,000. S Walnut Street is located within the Blue River Valley Schools school district. Search Mount Summit real estate on www.ikeyrealty.com today.