Five-Cottage Short-Term Rental
For Sale
Contact for pricing
4990 E INDIANA BEACH RD 1-5, Monticello, IN 47960
Five detached studio units near Lake Shafer and the Indiana Beach boardwalk, with updated interiors and individual climate control.
Property Size2,000 SF
Price / SF$250
Days on Market17
Property Features for 4990 E INDIANA BEACH RD 1-5
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multifamily, Hospitality
Occupancy
80%
Net Operating Income
$44,264
Units
Unit Mix
5 x studio
Multifamily Units
5
Additional Details
Asking Price
$500,000
Building Details
Year Built
2025
Buildings
5
Stories
1
Units
5
Listing Agency:
Ellsbury Group
Listed By:
Lane Moser · License #RB19000138
(260) 615-9248
Source:
Crexi
Added: Aug 18
Changed: Sep 2
Last Checked: Sep 2 at 2:09PM
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 property includes five detached, single-story studio cottages at 4990 E Indiana Beach Rd 1-5 in Monticello. Built in 2025, the cottages feature open layouts, luxury vinyl plank flooring, shaker-style cabinets, stainless steel appliances, updated bathrooms, and in-unit AC/heat. Gravel parking serves the cottage group, and the configuration supports straightforward operations across individually separated units.
The property is directly across from the Indiana Beach boardwalk and close to private docks on Lake Shafer. Its location places the cottages within the Lake Shafer and Indiana Beach corridor, an area associated with seasonal tourism and boating activity. The existing weekly rental model and five-unit layout provide an established operating framework for the property.
The property is directly across from the Indiana Beach boardwalk and close to private docks on Lake Shafer. Its location places the cottages within the Lake Shafer and Indiana Beach corridor, an area associated with seasonal tourism and boating activity. The existing weekly rental model and five-unit layout provide an established operating framework for the property.
Key Highlights
- Five detached cottages, each configured as a single‑story studio unit
- Built in 2025 with updated interiors, including LVP flooring and shaker‑style cabinetry
- Stainless appliances, updated bathrooms, and in‑unit AC/heat in each cottage
Property Analytics
Property Profile
Current Use
Lease Details
5
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 - Five detached studio units near Lake Shafer and the Indiana Beach boardwalk, with updated interiors and individual climate control.
Where is this short term rental property located?
The property is located at 4990 E INDIANA BEACH RD 1-5 Monticello, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five detached cottages, each configured as a single‑story studio unit; Built in 2025 with updated interiors, including LVP flooring and shaker‑style cabinetry; Stainless appliances, updated bathrooms, and in‑unit AC/heat in each cottage
