Amazing Potential – Fixer Upper Vacation House Near Lake Monroe only 1 Minute From The Popular Paynetown Campground Entrance!

The home located 7109 E Salt Creek Road is a fixer-upper house located near Lake Monroe in Bloomington, Indiana. This property has recently undergone some renovations, including a new blue exterior and roof, and features two bedrooms, one on the main floor and one in the loft upstairs.

The interior of the house offers a cozy and inviting atmosphere, with an open living room and kitchen area. The kitchen and bathroom are a blank canvas and are ready for cabinets, appliances, etc.

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One of the best features of this property is its proximity to Lake Monroe. The house is located just a short drive away from the marina and beach, making it easy to enjoy all the recreational activities the lake has to offer. Whether you’re into boating, fishing, or simply soaking up the sun on the beach, Lake Monroe has something for everyone.

I know your first thought would be that this would be the PERFECT AirBNB house, but unfortunately the zoning for this neighborhood will not allow short term rentals. They do allow long term rentals, so that may be an option. Please note that this house will require Cash/Private Financing and will not qualify for a traditional mortgage.

It is located only 1 mile from the Causeway near Lake Monroe and is across the road from the Paynetown Campground entrance.

Lake Monroe is the largest lake in Indiana, spanning over 10,000 acres. It’s a popular destination for boating, fishing, and swimming, with several beaches and marinas located around the lake. The lake was created in the 1960s by the U.S. Army Corps of Engineers as part of a flood control project, and it’s named after James Monroe, the fifth President of the United States.

Aside from recreational activities, Lake Monroe also serves as a vital source of drinking water for the surrounding communities. The lake is fed by two major tributaries, the Salt Creek and the Beanblossom Creek, and it’s home to a variety of fish species, including largemouth bass, bluegill, and catfish.

Bloomington, Indiana, where this property is located, is a vibrant college town with plenty to offer. The town is home to Indiana University, one of the largest universities in the state, which brings a dynamic and diverse population to the area. Bloomington has a thriving arts and culture scene, with several museums, galleries, and theaters located in the downtown area. The town also has a diverse restaurant scene, with a wide range of cuisines and dining options available.

For nature lovers, Bloomington has plenty to offer as well. In addition to Lake Monroe, the town is surrounded by several state parks and nature preserves. Brown County State Park, located just a short drive away, is known for its stunning fall foliage and hiking trails.

In terms of real estate, Bloomington is a great place to invest in. The town has a strong housing market, with steady appreciation rates and a growing population. The proximity to Indiana University also makes it a popular destination for students and faculty members, providing a steady stream of potential renters or buyers.

In conclusion, 7109 E Salt Creek Road is a promising fixer-upper property with a great location near Lake Monroe in Bloomington, Indiana. The bathroom/kitchen presents an opportunity for someone with a creative vision and a passion for renovation to customize and design their dream bathroom. With its recent renovations and proximity to the lake and other amenities, this property has a lot of potential for someone looking for an investment opportunity or a cozy home near the water.

If you are interested in more information, be sure to give us a call at 812-650-0708.

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Nathan Soliday, NMLS #166402

Real Estate & Mortgage Services

Brixton Realty

812-650-0708 (Call or Text)

Success Mortgage Partners, NMLS #130562

205 N Main Street, Salem IN 47167

[email protected]