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1969 N West Shafer Drive

Monticello, IN 47960
  • $2,350,000
  • STATUS: Active
  • ON SITE: 49 Days
  • MLS #: 202211175
UPDATED: 33 min ago
$2,350,000
  • 76
    BEDS
  • 7.57
    ACRES
  • 80
    BATHS
  • 0
    1/2 BATHS
  • 37,984
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Incredible investment opportunity in a thriving area, perfectly situated less than two hours from Chicago and Indianapolis sits PineView Resort. This cashcow features 7.57 acres, 37,000 square feet of finished space including 76 rooms for rent, 300+ person banquet hall w/bar, breakfast room, 40 person conference/event room, 2 commercial laundry rooms, jacuzzi/sauna/pool, liquor license, and parking space for 200+ vehicles. New roof and many other updates throughout. All within one mile from Indiana Beach amusement park, Tippecanoe Country Club, PineView Golf Course, and downtown Monticello. Minutes from both Lake Shafer andLake Freeman which helps bring in nearly a million visitors per year to the area.

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty. Data last updated: 2022-05-22T09:28:38.17.

www.romanskigroup.com/homes/127329424
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1969 N West Shafer Drive Monticello, IN 47960

  • Price: $2,350,000
  • Status: Active
  • On Site: 49 Days
  • Updated: 33 min ago
  • MLS #: 202211175
76
Beds
80
Baths
0
½ Baths
7.57
Acres
37,984
SQFT
$62
$/SQFT
1996
Built
Neighborhood:
None
County:
White
Area:
White
Elementary School:
Meadowlawn
Middle School:
Roosevelt
High School:
Twin Lakes
School District:
Twin Lakes School Corp.
Property Description
Incredible investment opportunity in a thriving area, perfectly situated less than two hours from Chicago and Indianapolis sits PineView Resort. This cashcow features 7.57 acres, 37,000 square feet of finished space including 76 rooms for rent, 300+ person banquet hall w/bar, breakfast room, 40 person conference/event room, 2 commercial laundry rooms, jacuzzi/sauna/pool, liquor license, and parking space for 200+ vehicles. New roof and many other updates throughout. All within one mile from Indiana Beach amusement park, Tippecanoe Country Club, PineView Golf Course, and downtown Monticello. Minutes from both Lake Shafer andLake Freeman which helps bring in nearly a million visitors per year to the area.
Exterior Features

Exterior AluminumMetalVinylWood Lot Description CornerIrregularLevel6-9.999 Lot Dimensions irregular Outbuilding Pole/Post Building Outbuilding Sq Ft 2944 Parking Spaces 230 Pool Type Below Ground Pool YN Yes Style One Story Waterfront YN No

Interior Features

Above Grade Bedrooms 76 Above Grade Finished Sqft 37984 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanHot Tub/SpaSkylightsStorageBarBreakfast BarCeiling-9+Ceiling-CathedralCeiling-TrayCeilings-BeamedCeilings-VaultedGarden TubIrrigation SystemLandscapedWater Heater TanklessWater Softener-Owned Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central AirMultiple Cooling UnitsWall Ac Dishwashers 2 Disposals 0 Dryers 5 Flooring CarpetCeramic TileFinishedMixed Heating Fuel GasConventionalForced AirWall HeaterMultiple Heating Systems Microwaves 80 Ranges Ovens 80 Refrigerators 80 Rooms Below Grade 0 Total Baths 80 Total Below Grade Sqft 0 Total Sq Ft 37984 Wash Dry Hookups 5 Washers 5

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 766000 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 752404 Annual Property Tax 13596 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Efficiencies 76 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 63833 Gross Monthly Rent 64000 Lease Term Other New Construction No One Bedrooms 76 Owner Pays Building InsuranceCableCoolingElectricFuelHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingBusinessLand Sewer Regional Tenant Pays NoneTax Three Bedrooms 0 Township Union Two Bedrooms 0 Units Rented 76 Water Utility City Year Taxes Payable 2021 Pay 2022

Listing provided by Cody Miller of Redlow Group: 765-490-5926.
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty. Data last updated: 2022-05-22T09:28:38.17.

 
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The Romanski Group - Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,