Sold
Rare Opportunity in the Heart of Historic Excelsior Village
371 Water Street, Excelsior 55331
$1,485,000
There is no property location added.
There is no property location added.
371 Water Street, Excelsior 55331
There is no property location added.
There is no property location added.
Listing Agents:
UPDATE: This unique property was put under contract after 27 days and closed at $1.485 MM, 99% of the $1.5 MM asking price.
This is a rare opportunity to live and/or work in the heart of the Excelsior village at the Bird House Inn property which is currently operating as a VRBO/Bed & Breakfast hybrid. Revenue from whole house rentals is on average 10% more than revenue generated from full occupancy in the B&B model. Structures include a 6 bed, 5 bath, 3,000 sq ft B&B structure built in 1858 and a 3 bed, 1 bath, 1,300 sq ft cottage built in 1990. The cottage is currently used as an owner's residence and includes a 2 car, attached, heated garage. All of this is set on a beautiful, private, .44 acre lot along prime, historic Water Street with an abundance of flat, green space and off street parking for up to 17 vehicles. The property has been vigorously maintained and extensively improved by the current owners. Improvements to the B&B structure include a new foundation, a new 1" water main, new 100 amp service and renovated bathrooms with heated floors and high end finishes. The cottage was renovated in 2015.
6
beds
5
baths
2,929 Sq.Ft. LIVING AREA
0.44 Acres lot
Email or call us today to schedule a free consultation and find out what they can do to add value to your residential purchase or sale.