Multi-Unit Residential Income
For Sale
$649,000
5116 E Indiana Beach Road Monticello, Monticello, IN 47960
Investment property with seven rental units across five buildings, near Indiana Beach and Lake Shafer.
Property Size4,530 SF
Price / SF$143.27
Days on Market50
Property Features for 5116 E Indiana Beach Road Monticello
General Information
Standard status
Active
Size
4,530 SF
Total Parking Spaces
10
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,219
Amenities
Drywall
Carpet,Ceramic Tile,Wood
No
Yes
City,Hydrant
10
Crawl,Slab,Michigan Basement
Ski Lake
Block,Metal,Shingle
Lake Shafer
Lake
County
paved
29185
Asphalt
120x245
Pier/Dock
120
wood
0.67
Building Details
Year Built
1928
Stories
2
Listing Agency:
Summerland Realty Group, LLC
(765) 532-1040
Listed By:
Katie Wray
Source:
Kramerrealestategroup
Added: Jul 12
Changed: Aug 8
Last Checked: Aug 30 at 1:36PM
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 Summerland Realty Group, LLC
Investment Insights
Based on property information with market context.
This multi-unit residential income property consists of five separate buildings with seven rental units, plus a spacious main living quarters. The configuration provides a mix of rental accommodations and owner-occupied living space within the same investment footprint, supported by the property’s “hospitality and investment” presentation in the seller’s remarks.
The property is located at 5116 E Indiana Beach Road in Monticello, Indiana, and is described as being near Indiana Beach and Lake Shafer, along with nearby boating, fishing, and entertainment attractions.
As offered for sale, the asset is positioned for operational flexibility based on the existing unit and building layout noted in the listing materials.
The property is located at 5116 E Indiana Beach Road in Monticello, Indiana, and is described as being near Indiana Beach and Lake Shafer, along with nearby boating, fishing, and entertainment attractions.
As offered for sale, the asset is positioned for operational flexibility based on the existing unit and building layout noted in the listing materials.
Key Highlights
- Investment property at 5116 E Indiana Beach Road, Monticello, IN, built in 1928 with seven rental units across five separate buildings.
- Waterfront on Lake Shafer with 120 ft of water frontage and a pier/dock; lake access via Lake Shafer.
- 0.67‑acre lot (approx.) with lot size area 29,185 SF and lot dimensions 120x245.
Property Analytics
Property Profile
Current Use
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 - Investment property with seven rental units across five buildings, near Indiana Beach and Lake Shafer.
Where is this short term rental property located?
The property is located at 5116 E Indiana Beach Road Monticello Monticello, IN.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Investment property at 5116 E Indiana Beach Road, Monticello, IN, built in 1928 with seven rental units across five separate buildings.; Waterfront on Lake Shafer with 120 ft of water frontage and a pier/dock; lake access via Lake Shafer.; 0.67‑acre lot (approx.) with lot size area 29,185 SF and lot dimensions 120x245.
