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    2140 Morgan Rd Taswell, IN 47175

    For Sale
    $1,695,000

    Southern Indiana lodging & recreation, high income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 86-acre property in Taswell, Indiana, presents a lucrative investment opportunity. Currently operating as a highly successful short-term rental complex, it boasts eight log cabins generating over $200,000 in gross income within the past nine months, with over 1200 nights booked. The property's secluded location, approximately seven minutes from Patoka Lake, offers guests a tranquil escape. In addition to the eight established rental cabins, the property includes eight campsites with water and electric hookups, and two older cabins requiring rehabilitation. An estimated $50,000 worth of timber is also present on the land. Three ponds and two creeks enhance the natural beauty, complemented by established trails throughout the property. The existing online booking system simplifies management of direct bookings, Airbnb, and VRBO listings. Recent upgrades include new furniture, mattresses, some hot tubs, upgraded appliances, and more. This property's versatility extends beyond its current use

    Property Features for 2140 Morgan Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,746,160 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Oaks Cabins ... Log Cabins

    Map

    City
    Taswell
    County
    Crawford
    State
    Indiana
    Longitude
    -86.53009
    Latitude
    38.36684

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    FAQs

    What type of property is this?
    Commercial real estate - Southern Indiana lodging & recreation, high income potential.
    Where is this commercial real estate located?
    The property is located at 2140 Morgan Rd Taswell, IN.
    What is the asking price?
    The asking price for this property is $1,695,000.
    (812) 570-0013
    Request Owner's contact information
    2140 Morgan Rd Taswell, IN 47175
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2140 Morgan Rd Taswell, IN 47175
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