601 South Walnut Street

Mount Summit, IN 47362

$450,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great investment opportunity in this 7 unit, one-level apartment building in Mount Summit, IN. Built in 1960, it has a total 3,348 square feet of living area resting on a .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. Owner pays all utilities and maintenance. Tenant’s rights apply. Potential ROI is 8.2%.Great investment opportunity in this 7 unit, one-level apartment building in Mount Summit, IN. Built in 1960, it has a total 3,348 square feet of living area resting on a .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. Owner pays all utilities and maintenance. Tenant’s rights apply. Potential ROI is 8.2%.
  1. Listed by Jon Kindred • F.C. Tucker/Crossroads Real Estate • jon.kindred@talktotucker.com

Property Details for 601 South Walnut Street

Architectural Style
Ranch
Subdivision Name
BRINSONS
Township
Prairie

Location

Listing Courtesy of F.C. Tucker/Crossroads Real Estate
Add your commute
LISTING UPDATED: 12/14/2022 05:07 PM

Property Details for 601 South Walnut Street

StatusActive
MLS #21886605
Days on Market505
Taxes$780 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1960
Lot Size0.54 AC / 23,391 SF
CountyHenry County

Location

Listing Courtesy of F.C. Tucker/Crossroads Real Estate
Add your commute

Building Information for 601 South Walnut Street

Stories-Residences7Year Built1960Building Size-Lot Size0.54 AC / 23,391 SF

Payment Calculator

$2,586 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 601 South Walnut Street

Summary
Location and General Information
  • City: Mount Summit
  • County Or Parish: Henry
  • Directions: From 3/36, west on 36 to Walnut St. South to property.
  • Postal Code: 47361
  • REO Relocation: 0
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 330721240241000022
  • Semi Annual Property Tax Amt: 780
  • Tax Exemption: None
  • Tax Year: 2022
School Information
  • Schools: Blue River Valley Elementary,Blue River Valley High,Blue River Valley Middle
  • School District: Blue River Valley Schools
Owner
  • Owner Pays: Electricity, Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Building Area Source: Assessor
  • Building Information: Other
  • Current Use: Apt<20
  • Gross Area SQFT: 3348
  • Lot Description: Access Street
  • Lot Number: 70
  • Lot Size: 23391
  • MLS: MIBOR
  • Possible Use: Apt<20
  • Sqft Total: 0.0
  • Structure Type: FreeStand
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1960
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: Aerial Photo,Other
  • Inspection Warranties: LeadBasePaint
  • Legal Subdivision: BRINSONS 1ST ADD LOT 80, N 55' LOT 70 & S 125' E PT 26.42' LOT 100
  • Photos Count: 23
  • Property Sub Type: Commercial Units - 5+
  • Supplement Count: 2
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Electric,Municipal Sewer Connected,Municipal Water Connected
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood
  • Foundation Details: Slab
Interior Features
  • Levels: One
  • Laundry: Common
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 7
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 17352
  • Gross Operating Income: 57900
Unit 1
  • Unit Kitchen: 6x5
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 16x14
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 3
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 348
  • Unit Utilities: ClWindUnit,FuelElec,HeatOther
Unit 2
  • Unit Kitchen: 6x5
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 16x14
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 3
  • Unit Num of Units: 4
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 500
  • Unit Utilities: ClWindUnit,FuelElec,HeatOther
Unit 3
  • Unit Kitchen: 6x5
  • Unit Levels: 1.0000
  • Unit Master Bedroom: 16x14
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Num of Bathrooms: 1.0000
  • Unit Num of Bedrooms: 1
  • Unit Num of Rooms: 3
  • Unit Num of Units: 1
  • Unit Rent Frequency: Monthly
  • Unit SqFt: 500
  • Unit Utilities: ClWindUnit,FuelElec,HeatOther
Rental
Rental Information
  • Tenant Pays: Rent Only

Property History for 601 South Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 601 South Walnut Street

Taxable ValueLand$27,000Additions$56,300Total$83,300
Tax Record2022$1,252 ($104 / month)
Home Facts
Baths1Total Finished SqFt936 SqFtAbove Grade Finished SqFt936 SqFtStories1Lot Size196,935 SqFtStyleMobile / Manufactured HomeYear Built1987CountyWAYNEAPN89-08-27-340-103.000-015

Schools near 601 South Walnut Street

This home is within Blue River Valley Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Blue River Valley Elementary School
PublicPK to 6

Blue River Valley Jr-Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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601 South Walnut Street is a multi-family home for sale in Mount Summit, IN 47362. This property was listed for sale on October 4, 2022 by F.C. Tucker/Crossroads Real Estate, it's currently listed at $450,000. It has been on the market for a total of 505 days and was last sold on July 15, 2008. This listing's school district is Blue River Valley Schools. Nearby schools include Blue River Valley Elementary School and Blue River Valley Jr-Sr High School. 601 South Walnut Street is a 0-bed, 0-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker/Crossroads Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.