4983 E Indiana Beach Rd

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4983 E Indiana Beach Rd

monticello, IN 47960
Asking Price
$1.25M
Asset Type
Multifamily
Class
Class B

What's Special

4983 E Indiana Beach Road is located in the northern corridor of Monticello, Indiana, positioned along the peninsula between Lake Shafer and the Tippecanoe River. The neighborhood is characterized by a mix of seasonal residential dwellings and hospitality-driven commercial assets, anchored by the nearby Indiana Beach Boardwalk Resort. Local amenities include waterfront recreation, dining establishments, and recreational services. Access to the area is primarily served by North Main Street and Indiana State Road 39, providing regional connectivity to the surrounding White County area and downtown Monticello. The property is suited for multifamily use, catering to a diverse tenant profile seeking proximity to the lakefront district. Ideal applications include workforce housing for the local hospitality sector or long-term residential rentals for professionals working in Monticello. Given the location’s seasonal demand, the asset may also support boutique multi-unit living for residents interested in leisure-centric environments. The site provides a functional layout for standard apartment configurations or small-scale residential redevelopment within a high-traffic recreational zone.

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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