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32906274
32906303

5088 E Indiana Beach Rd, Monticello, IN 47960-1263 For Sale

JC
RB23001060
Raeco Realty
Listed by Raeco Realty
$1,350,000
56 days on market
Updated 56 days ago

Alexander's Landing

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 3,376
Units 6
Beds 16
Cap Rate 12.29%
NOI $165,925
Tenancy Single
Class C
Year Built 1940
Year Renovated 2019
Buildings 3
Stories 2
Acreage 0.23 - 0.24
Zoning AED
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.78
Investment Type Stabilized

Hospitality | 12.29% CAP

Marketing description

Welcome to Alexander’s Landing, a well-established waterfront resort property located on the shores of Lake Shafer in Monticello, Indiana, just minutes from the popular Indiana Beach Amusement & Water Park. This turnkey hospitality investment features nine guest units with accommodations for up to 56 guests, offering a strong blend of charm, functionality, and proven income performance. Guests enjoy beautiful lakefront views, direct water access with boat docking, and expansive outdoor deck spaces designed for year-round enjoyment. Recent improvements include a brand-new firepit area, new pool heater and pool HRV system, a new hot tub, and select updated furniture, enhancing both guest experience and overall property appeal. The thoughtfully designed suites include kitchen amenities and spacious gathering areas, making the property ideal for vacationing families, large groups, weekend getaways, and corporate retreats. Alexander’s Landing has built a strong reputation as a premier destination in the area, backed by excellent guest reviews, repeat clientele, and a successful operating history. This property presents an exceptional opportunity for investors seeking a profitable short-term rental or boutique hospitality asset in one of Indiana’s most recognized lake communities. Whether guests are looking for relaxation on the water or quick access to local entertainment and attractions, Alexander’s Landing offers a unique resort experience in a highly desirable location. To ensure a smooth transaction and respect the privacy of current occupants, all showing requests must be coordinated through the listing agent. Our goal is to ensure that everyone touring the property is a legitimate, qualified buyer with genuine interest. Consequently, all buyers must complete an initial qualification conversation before a showing is approved. Buyers using financing are required to provide a current mortgage pre-approval letter prior to scheduling, while cash buyers must provide proof of funds. We will also verify whether buyers are currently working with an agent, and we encourage only serious decision-makers to attend. Please note that occupied units require a minimum of 24 hours' advance notice; same-day showings may be limited or declined unless buyers are fully verified and the units are available. Buyers who are not yet financially prepared or are "just looking" will be asked to complete their financing steps before touring the property.

Investment highlights

  • Prime lakefront location on Lake Shafer
  • Less than 200 yards from Indiana Beach
  • 9-unit hospitality property
  • Accommodates up to 56 guests
  • Strong repeat customer base
  • Year-round operation
  • Turnkey business opportunity
  • Established online booking systems in place
  • Indoor heated pool and hot tub
  • Multiple recent renovations and upgrades
  • Staff in place for continued operations
  • Flexible owner-operator or remote management opportunity

Listing Contacts

JC
RB23001060
Raeco Realty
Listed by Raeco Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$165,925.00
$13,827.08/mo

Valuation Metrics

0
DSCR
12.29%
Cap Rate
12.29%
ROI

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