Short-Term Rental Cottage
For Sale
Contact for pricing
4957 E INDIANA BEACH RD, Monticello, IN 47960
Ten detached vacation cottages offer weekly rental operations near Lake Shafer and Indiana Beach attractions.
Property Size4,000 SF
Price / SF$187.50
Days on Market16
Property Features for 4957 E INDIANA BEACH RD
General Information
Standard status
Active
Size
4,000 SF
Class
B
Property subtype
Multifamily, Hospitality
Occupancy
80%
Investment Type
Owner/User
Net Operating Income
$94,772
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Additional Details
Asking Price
$750,000
Amenities
private covered balcony or patio areas
Building Details
Year Built
2025
Buildings
5
Stories
2
Units
10
Listing Agency:
Ellsbury Group
Listed By:
Lane Moser · License #RB19000138
(260) 615-9248
Source:
Crexi
Added: Aug 18
Changed: Sep 1
Last Checked: Sep 1 at 9:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ellsbury Group
Investment Insights
Based on property information with market context.
This short-term rental portfolio includes 10 individually detached cottages, each arranged across two stories with 2BR/1BA layouts. Private covered balconies or patios extend each unit, while interiors feature LVP flooring, shaker-style cabinets, stainless steel appliances, barn-door details, and updated bathrooms. The cottages were built in 2025 and include on-site parking.
The property is located at 4957 E Indiana Beach Rd in Monticello, directly across from the Indiana Beach boardwalk and near private docks on Lake Shafer. Weekly rentals support seasonal lodging operations for visitors to the lake and nearby amusement park. The portfolio is projected at 80% occupancy and a 12.6% going-in cap rate.
The property is located at 4957 E Indiana Beach Rd in Monticello, directly across from the Indiana Beach boardwalk and near private docks on Lake Shafer. Weekly rentals support seasonal lodging operations for visitors to the lake and nearby amusement park. The portfolio is projected at 80% occupancy and a 12.6% going-in cap rate.
Key Highlights
- 10 detached two‑story cottages, each configured as a 2BR/1BA unit
- Units 40–49 at 4957 E INDIANA BEACH RD, MONTICELLO, IN
- Built in 2025 with updated bathrooms and modern interior finishes
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Ten detached vacation cottages offer weekly rental operations near Lake Shafer and Indiana Beach attractions.
Where is this short term rental property located?
The property is located at 4957 E INDIANA BEACH RD Monticello, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 10 detached two‑story cottages, each configured as a 2BR/1BA unit; Units 40–49 at 4957 E INDIANA BEACH RD, MONTICELLO, IN; Built in 2025 with updated bathrooms and modern interior finishes
