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Listed by Jon Kindred • Real Broker, LLC
$ 475,000
Est. payment | /mo
3,348 SqFt
$ 475,000
Est. payment | /mo
3,348 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $141
MLS Listing ID 22112913
Year Built 1960
Tax Year 2026
Lot Size 0.540 Acres
Acres 0.54
Property Sub-Type Multi-Family 5+
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)
Location
State IN
County Henry
Zoning R3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks
View Y/N false
Roof Type Asphalt,Shingle
Building
Story 1
Foundation Slab
New Construction false
Schools
School District Blue River Valley Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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