Fully updated and restored legacy property and associated business available. Not only does the B&B boast 9 guest rooms and 2
apartments, it has a ballroom which has been used as event space to host wedding receptions and the like. The Inn has a tea room license which allows the hosts to be open to serve lunch and/or snacks to guest and non-guests alike in the elegant wood paneled main floor dining room, where guests can enjoy a sumptuous breakfast promptly at 9am every morning.
The mansion features hot water boiler heat and central air-conditioning. Each room has an electric fireplace tastefully decorated and located for ambiance and use as an additional/private heat source. Some of the rooms feature jetted tubs. There are two 2-bedroom apartments, located over the carriage house. Each apartment has a full kitchen as well as a washer and dryer. The apartments are perfect for a longer visit. Additional revenue could be generated by renting the apartments off season on a 5 or 6 month basis and by converting the lower level of the carriage house, (where the ponies used to reside), into event space or more units.
The property is being sold with much of the decor items so generating revenue through locals looking for a unique spot to host a holiday party in the winter months will likely provide another stream of revenue, too.
Proforma available upon request. Cap rate and NOI above are pro-forma numbers