230 Wellington, Traverse City, MI 49686-2610

bathrooms 15
|Lain
THB ฿147.435.485
USD $4.249.500
Diterbitkan di: 24 06 2023
Terakhir diperbarui saat: 02 01 2025
230 Wellington, Traverse City, MI 49686-2610
230 Wellington, Traverse City, MI 49686-2610
230 Wellington, Traverse City, MI 49686-2610
+99
230 Wellington, Traverse City, MI 49686-2610
  • 99
Properti ID: 110085231812
Terjemahkan ke Bahasa Indonesia

Bed & Breakfast - Traverse City, MI

230 Wellington, Traverse City, MI 49686-2610
Once in a lifetime chance acquire a legacy property and 5-star business!    This stately neo-classic revival property is looking for its next steward.  The property is a piece of Traverse City's history, once owned by the son of a lumber baron, it fell into disrepair after the the lumber baron's family sold the property and left town.  It was lovingly restored to its original grandeur by the current owners.  The restoration process, which occurred from 1999 to 2003, took the full 4 years and multiple millions of dollars.  It is being offered as a turnkey bed and breakfast business which boasts 9 bedrooms and 15 bathrooms plus a carriage house with two 2-bedroom apartments, each with a kitchen and washer/dryer. The original stables below are currently not utilized but could be converted to event space or more units.  The total square footage of the house and carriage house including the unfinished portion of the basement and the lower level of the carriage house is:  15,918 square feet!   Included in the sale are numerous period antiques and furnishings the most significant of which are detailed in the FFE list, to be attached to this listing as soon as it is completed. Also included in the sale are the web site, advertising materials, licenses and intellectual property.   Words cannot do the property justice- it needs to be seen to be fully appreciated and allow at least an hour to fully take in all the details.   This is an operating business- Please do not bother the workers or the guests.  Direct all questions to the listing Broker. The property will likely be able to be financed with a combination of an SBA504 & SBA 7a if buyer income and credit qualifies.  Commercial portfolio loans are an option as well.  Note:  Pro-forma cap rate-10.5%, ROI- 13.5% & cash-on-cash- 13.18% and still has substantial vacancy rate as new owners will need time to get it working like the well oiled machine it can be.  Subsequent years after year one should improve.

Detail Properti

Informasi awal

jenis properti
Lain
Status Daftar
Active
Luas Tanah
2.063,90 m2
Ukuran Bangunan
1.096,91 m2
Tahun Dibangun
1905
Kamar
15 Kamar mandi
Gaya Arsitektur
Other
daerah
Grand Traverse
Pemberi
Northern Great Lakes Realtors MLS
Nama Kantor Pialang
Cygnus Real Estate
Telepon Kantor Pialang
231-994-3225
Alamat
230 Wellington, Traverse City, MI 49686-2610
Hubungi Agen
Carole Higgins
Cygnus Real Estate
508 N. Saint Joseph, Suttons Bay, MI 49682
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Hubungi Agen

Hubungi Agen

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Carole Higgins
508 N. Saint Joseph, Suttons Bay, MI 49682
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      Properti ID: 110085231812

      Data Disediakan oleh Northern Great Lakes Realtors MLS, MLS #: 1912528
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