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33481792

5116 East Indiana Beach Road, Monticello, IN 47960

JH
IN RB21000474
Summerland Realty Group, LLC
Listed by Summerland Realty Group, LLC
$649,000
3 days on market
Updated 3 days ago

Victorian Bay Resort

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 5,700
Units 10
Beds 7
Cap Rate 5.55%
NOI $36,000
Occupancy 33%
Year Built 1928
Buildings 5
Acreage 0.670
Zoning Commercial
Investment Type Redevelopment
Sale Condition N/A

Multi property resort

Marketing description

5116 E Indiana Beach Road, Monticello, Indiana

Exceptional Multi-Unit Investment Property Near Indiana Beach & Lake Shafer

Presenting a rare opportunity to acquire a versatile hospitality and investment property in one of Monticello's most recognized recreational corridors. Located just moments from Indiana Beach, Lake Shafer, and the area's numerous boating, fishing, and entertainment attractions, this unique offering combines income-producing accommodations with comfortable owner occupancy in a highly desirable destination market.

Comprised of five separate buildings, seven rental units, and a spacious main living quarters, this property provides a distinctive blend of investment potential and operational flexibility. Whether your vision includes short-term vacation rentals, extended-stay accommodations, seasonal lodging, workforce housing, or a combination of income strategies.

Investment highlights

Comprised of five separate buildings, seven rental units, and a spacious main living quarters, this property provides a distinctive blend of investment potential and operational flexibility. Whether your vision includes short-term vacation rentals, extended-stay accommodations, seasonal lodging, workforce housing, or a combination of income strategies.

Listing Contacts

JH
IN RB21000474
Summerland Realty Group, LLC
Listed by Summerland Realty Group, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$36,000.00
$3,000.00/mo

Valuation Metrics

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DSCR
5.55%
Cap Rate
5.55%
ROI

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Additional Information

Name
Jace Hicks
License
RB21000474
Brokerage
Summerland Realty Group
Title
Broker associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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