Skip To Content

601 S Walnut Street

Mount Summit, IN 47361
  • $450,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 202241258
UPDATED: 203 min ago
$450,000
  • 7
    BEDS
  • 0.54
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 3,348
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

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. Tenants rights apply. Potential ROI is 9.9%.

Monthly Payment Calculator



© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2023-02-09T00:28:49.543.

www.housesinfortwayne.com/homes/133645365
Print Image

601 S Walnut Street Mount Summit, IN 47361

  • Price: $450,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 203 min ago
  • MLS #: 202241258
7
Beds
7
Baths
0
½ Baths
0.54
Acres
3,348
SQFT
$134
$/SQFT
1960
Built
Neighborhood:
None
County:
Henry
Area:
Henry
Elementary School:
Blue River Valley
Middle School:
Blue River
High School:
Blue River
School District:
Blue River Valley Schools
Property 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. Tenants rights apply. Potential ROI is 9.9%.
Exterior Features

Architectural Style RanchPatio/Garden Home Driveway Gravel Exterior Wood Fence None Location City/Town/Suburb Lot Description 0-2.9999Level Lot Dimensions 179X130 Outbuilding None Parking LotOff StreetPrivate Parking Spaces 16 Pool YN No Roof Material AsphaltShingle Sea Wall Type None Style One Story Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Unit5 Garage Type None Unit6 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 7 Above Grade Finished Sqft 3348 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanOff Street ParkingCountertops-LaminateWater Heater Electric Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Window Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetVinyl Heating Fuel ElectricityOther Heating System HVAC Ceiling Fan Main Level Sq Ft 3348 Microwaves 0 Ranges Ovens 7 Refrigerators 7 Rooms Below Grade 0 Total Baths 7 Total Below Grade Sqft 0 Total Sq Ft 3348 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 348 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 500 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit3 Sq Ft 500 Unit4 Basement YN No Unit4 Bedrooms 1 Unit4 Sq Ft 500 Unit5 Basement YN No Unit5 Bedrooms 1 Unit5 Sq Ft 500 Unit6 Basement YN No Unit6 Bathrooms 1 Unit6 Bedrooms 1 Unit6 Sq Ft 500 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 4436 Annual Fuel Expense 0 Annual Gross Rent 62340 Annual Insurance Expense 4560 Annual Maint Expense 999 Annual Misc 0 Annual Net Income 44980 Annual Property Tax 1569 Annual Trash Expense 1932 Annual Water Sewer Exp 3864 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Documents Available Aerial PhotoLbp FormSellers Disclosure Efficiencies 1 Electric Company Duke Energy Indiana Electric Meters 1 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Company None Gas Meters 0 Gross Monthly Income 5195 Gross Monthly Rent 5195 Lease Term Month To Month New Construction No One Bedrooms 6 Owner Pays ElectricHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Sevenplex Proposed Financing Cash Reo YN No Sale Includes Building Sewer City Tenant Pays None Three Bedrooms 0 Township Prairie Two Bedrooms 0 Unit1 Unit Rent 695 Unit1- Currently Rntd Y / N Yes Unit1- Garage /#of Cars 0 Unit1- Garage Y / N No Unit2 Unit Rent 750 Unit2- Currently Rntd Y / N Yes Unit2- Garage /#of Cars 0 Unit2- Garage Y / N No Unit3 Unit Rent 750 Unit3- Currently Rntd Y / N Yes Unit3- Garage /#of Cars 0 Unit3- Garage Y / N No Unit4 Unit Rent 750 Unit4- Currently Rntd Y / N Yes Unit4- Garage /#of Cars 0 Unit4- Garage Y / N No Unit5 Unit Rent 750 Unit5- Currently Rntd Y / N Yes Unit5- Garage Y / N No Unit6 Unit Rent 750 Unit6- Currently Rntd Y / N Yes Unit6- Garage Y / N No Units Rented 7 Water Company Other Water Meters 1 Water Utility City Year Taxes Payable 2022

Listing provided by Jon Kindred of F.C. Tucker/Crossroads Real Estate: [IDXCONTACTINFORMATION].
© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2023-02-09T00:28:49.543.

 
https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202241258-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202241258-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202241258-2.jpg
Logo
Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845