4849 E Indiana Beach Rd - Hospitality FOR SALE


Monticello, IN 47960
$1,099,000 USD
574-870-3987
4849 E Indiana Beach Rd, Monticello, IN for Sale
$1,099,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

4849 E Indiana Beach Rd
Monticello, IN 47960


HIGHLIGHTS

  • Lakefront Property
  • Across from Amusement Park
  • Remodeled inside and out

OVERVIEW

Turn-Key Lake Shafer Resort – Prime Location and Strong Revenue … Turn Your Investment Dreams Into Reality. Located across the street from IndianaBeach, in Monticello, Indiana, the Dockside Lake Resort offers 12 charming cottages/units with exceptional cash flow and endless potential. Each rental unit has beenthoughtfully updated with metal roofing, modern flooring, refreshed kitchens, upgraded appliances, A/C units, and stylish furniture … all designed for comfort andlongevity for visiting guests. Enjoy the newly installed 33x16 pool … complete with updated mechanicals, a sleek metal fence, and expanded concrete walkways andpatios creating a welcoming outdoor space for those seeking a quaint and charming spot. The 54 feet of prime Lake Shafer frontage provides breathtaking main lakeviews, multiple piers, and a durable steel seawall for added security. With year-round units ensuring consistent income, this low-maintenance resort features vinylsiding and fresh exterior enhancements. In addition, bonus living areas attached to the office could easily be converted into an additional rental unit or private owner/manager quarters. This is your chance to acquire a fully operational, high-performing lakefront property with room to grow

FOR SALE DETAILS

PRICE

$1,099,000 USD

PRICE/SF

$178 USD /SF

# OF ROOMS

12

PRICE/ROOM

$91,583 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dockside Lake Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

91-73-17-000-004.200-020,91-73-17-000-004.300-020

ASK ABOUT THIS PROPERTY

Gregory VogelVogel Real Estate AuctionsMore Info
574-870-3987

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Gregory VogelVogel Real Estate AuctionsMore Info
574-870-3987

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.