10-Unit Lakefront Hospitality Cottage
For Sale
Contact for pricing
4958 E INDIANA BEACH RD, Monticello, IN 47960
Detached guest cottages offer renovated interiors, private outdoor space, and convenient access to Indiana Beach and Lake Shafer docks.
Property Size4,000 SF
Price / SF$187.50
Days on Market14
Property Features for 4958 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
Building Details
Year Built
2025
Buildings
5
Stories
2
Units
10
Listing Agency:
Ellsbury Group
(260) 615-9248
Listed By:
Lane Moser · License #RB19000138
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 7:16PM
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 hospitality portfolio includes 10 individually detached, two-story cottages, each offering 2 bedrooms and 1 bathroom. Private covered balconies or patios extend the guest accommodations, while interior improvements include LVP flooring, shaker-style cabinetry, stainless steel appliances, barn-door details, and updated bathrooms. The property was built in 2025.
The cottages sit across from the Indiana Beach boardwalk and near private docks on Lake Shafer, placing the asset within an established resort corridor. Its setting supports accommodation demand associated with vacation stays, boating, and amusement park visits. The operating profile includes weekly rentals, 80% occupancy, and a 12.6% going-in cap rate.
The cottages sit across from the Indiana Beach boardwalk and near private docks on Lake Shafer, placing the asset within an established resort corridor. Its setting supports accommodation demand associated with vacation stays, boating, and amusement park visits. The operating profile includes weekly rentals, 80% occupancy, and a 12.6% going-in cap rate.
Key Highlights
- 10 detached, two‑story cottages configured as 2‑bedroom, 1‑bath units
- Built in 2025 with updated guest accommodations
- Renovated interiors feature LVP flooring, shaker‑style cabinetry, and stainless steel appliances
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Detached guest cottages offer renovated interiors, private outdoor space, and convenient access to Indiana Beach and Lake Shafer docks.
Where is this short term rental property located?
The property is located at 4958 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 configured as 2‑bedroom, 1‑bath units; Built in 2025 with updated guest accommodations; Renovated interiors feature LVP flooring, shaker‑style cabinetry, and stainless steel appliances
