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    Waterfront Multifamily Resort Opportunity
    Updated: Feb 19
    Waterfront Multifamily Resort Opportunity

    4983 E Indiana Beach Rd, Monticello, IN 47960

    $4,500,000
    Waterfront property on Lake Shafer adjacent to Indiana Beach, offering strong seasonal tourism and recreational demand.
    Significant recent capital improvements, including ground‑up construction of 38 units and complete renovation of 17 units, minimizing deferred maintenance.
    In‑place income of $47,000 per month with 80% occupancy, providing immediate cash flow and a stabilized investment.
    Short‑term rental (STR) optionality provides potential for higher yields, supported by flexible unit layouts and strong tourism demand.
    Dock expansion potential with approvals in place to increase from 12 to 36 docks, creating additional revenue streams.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in White County, IN, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    White County, IN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in White County, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,500,000.

    Sale prices for two-family homes in White County, IN start at $4,500,000, averaging $4,500,000, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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