Five-Cottage Short-Term Rental
For Sale
Contact for pricing
5017 E INDIANA BEACH RD, Monticello, IN 47960
Detached studio cottages feature kitchenettes, updated bathrooms, and individual heating and cooling.
Property Size2,000 SF
Price / SF$250
Days on Market8
Property Features for 5017 E INDIANA BEACH RD
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multifamily, Hospitality
Occupancy
80%
Net Operating Income
$44,803
Units
Unit Mix
5 x studio-style
Multifamily Units
5
Additional Details
Asking Price
$500,000
Building Details
Year Built
2025
Year Renovated
2025
Buildings
5
Stories
1
Units
5
Listing Agency:
Ellsbury Group
(260) 615-9248
Listed By:
Lane Moser · License #RB19000138
Source:
Crexi
Added: Aug 24
Changed: Aug 31
Last Checked: Aug 31 at 8:44AM
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 five detached, single-story cottages built in 2025. Each studio-style unit has an open layout with a full kitchenette, shaker-style cabinetry, stainless fixtures, LVP flooring, an updated bathroom, and in-unit AC/heat. The interiors have been renovated for straightforward guest use and weekly rentals.
The property is located at 5017 E Indiana Beach Road in Monticello, Indiana, directly across from the Indiana Beach boardwalk. Private Lake Shafer docks are within steps of the cottages, placing the property in a seasonal setting associated with amusement park and lake activity. The five-unit configuration supports a simple operating model with individually detached accommodations.
The property is located at 5017 E Indiana Beach Road in Monticello, Indiana, directly across from the Indiana Beach boardwalk. Private Lake Shafer docks are within steps of the cottages, placing the property in a seasonal setting associated with amusement park and lake activity. The five-unit configuration supports a simple operating model with individually detached accommodations.
Key Highlights
- Five detached, single‑story cottages
- Built in 2025
- Studio‑style layouts with full kitchenettes
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 - Detached studio cottages feature kitchenettes, updated bathrooms, and individual heating and cooling.
Where is this short term rental property located?
The property is located at 5017 E INDIANA BEACH RD 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, single‑story cottages; Built in 2025; Studio‑style layouts with full kitchenettes
