- amilakis@gmail.com
- Direct (765) 418-4771
601 S Walnut Street
CAP RATE of 9.7%. 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)
GPS Friendly
| MLS # | 202628922 |
|---|---|
| Date Listed | 2026-07-17 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Sevenplex |
| Square Feet | 3,348 sqft |
| New Construction | No |
| Style | One Story |
| Type | Sevenplex |
| Bedrooms | 7 |
| Bathrooms | 7 |
| Annual Taxes | $6,552.00 |
| Year Taxes Payable | 2026 |
| Year Built | 1960 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 78 |
| Homestead Year | No |
| Family Room | 850 × 850 | Level |
| Kitchen | 850 × 850 | Level |
| 5th Bedroom | 7 × 7 | Level |
| Extra Room | 2 × 2 | Level |
| Full Baths | 7 Main |
| Construction | Sevenplex |
|---|---|
| Lot Size | 23,392 sq ft |
| Acreage | 0.54 Acres |
| Lot Dimensions | 179 x 130 |
| Fence | None |
| Area | Henry County |
|---|---|
| County | Henry |
| Subdivision | None |
| Township | Prairie |
| City | Mount Summit |
| State | IN |
| Zip | 47361 |
| School District | Blue River Valley Schools |
|---|---|
| Elementary | Blue River Valley |
| Middle School | Blue River Valley |
| High School | Blue River Valley |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202628922
Listing Provided Courtesy of Jon Kindred
Real Broker, LLC
Listing updated September 8, 2026 at 2:15 pm
Last checked 10 minutes ago
IDX information provided by the Indiana Regional MLS. 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.