Indiana Lake Dream
Hamilton, IN
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The Best Potential B&B You Are Going To Find
* A definate need exist for rooms in Hamilton
* The master plan for the town includes an Inn
* There Is NO COMPETITION
* The closest rooms are over 12 miles away
* The town likes this location for a B&B
* Easy conversion to a B&B
* Current zoning is B1 and R1 (it's ready)
* May 1 to September 30 - lake season
* October 1 to January 1 - hunting season
* Spring - promote Aumish country get-away
It is time for you to invest a couple of days, visit Hamilton, visit this home and try to find a reason to miss this opportunity!
Location
In NE Indiana on Hamilton Lake. 2.5 hours from Chicago, 2.5 hours from Indianapolis, 2 hours from Detroit, 45 minutes from Fort Wayne.
Growth
visit www.city-data.com/city/Hamilton-Indiana.html
According to the above web site there are 1,233 people that live in Hamilton, making up 500 households. These are perminate residents of which more than half live off the lake. By physical count there are 704 homes on the lake or with lake access and most all struggle with finding rooms for friends and family.
There are an additional 180 lots that have been added to the lake
This means that there is currently no where to stay and the problem is only going to get worse.
Competition
THERE IS NONE
Even if someone copies you some day, they will not have this location.
Marketing
I will lay out a marketing plan to serious buyers that is a complete no brainer.
The House
5,000 sq. feet on three levels with a walk-out basement that has 60 feet of frontage on Hamilton Lake.
There are 3 full baths and 2 half baths. There are two master suits both with french doors facing the lake.
The lower level could easily be the owners suit. It is 1,800 sq. ft. completely finnished and needs nothing.
The main and upper floor need little to convert this wonderful home into a B&B. There is already a master suit with a whirl pool tub and french doors to the deck facing the lake. This space needs nothing to be a high end rental.
The rest of the house can be converted to 3 bedrooms with private baths and 2 bedrooms with a shared bath yeilding a total of 6 rentals.
Or, as easily, convert the rest to 4 bedrooms all with private bath yeilding 5 rentals.
The yard and flowerbeds are irrigated from the lake. There is a huge deck on the main level and an equally large patio below. This house is considered by many to be the most beautiful and best built on the lake.
The Future
As your business grows you could move out and convert the lower level into 3-4 more rentals.
If your business really sors, there is enough room on the lot and the zoning would permit doubling the square footage of the house. At that point the posibilities are truly endless.
If you ever wanted a B&B and can not see the opportunity in-front of you, then you really never wanted a B&B.
Property Details- Potential Inn
- 6 Guest Rooms
- 5 Guest Room Baths
- Has Owner's Quarters
- Built in 1991
- Building is 5,000 SQFT
- Photo Gallery
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