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$1,375,000

5088 E Indiana Beach Road Monticello, IN  47960

  • 3,376 sq. Ft

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Property Description for 5088 E Indiana Beach Road Monticello, IN 47960

Introducing ALEXANDER'S LANDING, a charming lakefront resort hotel located at 5088 E INDIANA BEACH RD, MONTICELLO, INDIANA. Nestled on the shores of Lake Shafer, this picturesque property is just steps away from the renowned Indiana Beach Amusement Park. Boasting nine cozy units that can accommodate up to 56 guests, this turnkey hotel has a stellar reputation, solid financials, and a high ROI. The current NOI stands at $160,304, offering an attractive Cap Rate of 11.66%. Guests at ALEXANDER'S LANDING can bask in a year-round experience with stunning lake views, two-story deck access, and convenient docking for boats. The resort's well-appointed rooms feature kitchen facilities and spacious living areas, providing a comfortable retreat for families, groups, and corporate events. With multiple awards and a 4.5-star Google rating, this top-rated hotel is a sought-after destination for those seeking relaxation and adventure in Monticello, Indiana. Embrace the opportunity to own a thriving hospitality business in a prime waterfront location - ALEXANDER'S LANDING awaits! A full offering memorandum is available on Crexi

Address:5088 E Indiana Beach Road Monticello IN 47960
Status:Active
on site: 109 days
Price:$1,375,000
Bathrooms:0
Sq. Feet:3,376
Year Built:1980
Lot Size:0.23
County: White
Township: Union
MLS #:21998697
Property Type:Hotel/Motel

Lot Dimensions:10019
Zoning:Com Motels/tourist Cabins
Directions:GPS Friendly
Total Sq. Ft. :3,376
Basement:Yes

Loan Price
$8,050
Price And Interest $7,173/month
Property Tax $304/month
MTG INS $0/month
HOME INS $573/month
Price
$1,375,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$304/month
Home Owner Insurance
$6,876 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,823
Tax Year:2023
Mandatory HOA Fee:$

Area: 9106 - White - Union
City:Monticello
Zip Code:47960

Total Sq. Ft.:3,376
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Adam McNeil with Wisely Commercial Realty from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/27/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Monticello Market Report

175
Avg. DOM
$192.32
Avg. $ / Sq.Ft.
$ 259,950
Med. List Price

The house prices in Monticello are not dropping at the moment. There has been a increase in price of $101,487.21. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Monticello are going Up. The average house price is $269,900.00 and the average price per square feet is $190.63 per square feet. At the moment, the amount of homes listed is exactly 269 houses, with 92 with active status, 8 with pending status and 169 sold in Monticello .

The most popular place to buy a home in Monticello is 9101 - White - Monon. 9101 - White - Monon is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Monticello .

The average amount of property taxes you would have to pay for a home in Monticello is $1,635.80. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Monticello are staying listed for an average of 61 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Monticello was 2783 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Monticello is $995,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Monticello is $59,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Monticello in year 1880 and the newest built house is in year 2024.

The average size of properties in Monticello is 1818.61 sq.ft. , the biggest one being 5232 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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