Kingsley House B&B Inn $575,000

HUGE PRICE REDUCTION! Now more than $125,000 less than November, 2012 bank appraised value! Consistently named a top B&B in the country and recently named one of the top 12 Inns in the World, the critically acclaimed and well known Kingsley House is now being offered for sale. With 6-9 Guestrooms and Suites, The Kingsley House has risen to a level of excellence that others strive for, yet opportunity remains for the new owner to personalize it and help move forward to a different level. Located by Lake Michigan, region wineries, orchards and just a short distance to Holland and resort towns of Saugatuck/Douglas and South Haven, Kingsley House draws from not only the loyal resort and beach business but has created itself as a destination getaway as well. The best of both worlds! Experienced and dedicated Innkeepers can remain on staff for a consistent transition if the new owner chooses. Offered turnkey at an extremely attractive price. The words are good, the pictures are great but you have to see The Kingsley House to be able to truly appreciate all it has to offer.

Details

  • Built in 1886
  • 27 years as B&B
  • Last renovation in 2011
  • MLS #12015827
  • 9 Guest Rooms
  • 10 Guest Bathrooms
  • Lot size: 0.65 acres
  • 9 Parking Spots
  • Has owner's quarters
  • $575,000
  • 52% annual. occ. rate
  • $175.00 avg daily rate
  • $285,000 gross revenue
  • $252,000 room revenue

Listing Agent

Gregg Smith
45 Blue Star Hwy
Douglas, MI 49406

Phone: 269-857-4910
Cell: 269-455-8095
email: Gregg.Smith@CBGreatLakes.com
Inn's Website
MLS Realtor Listing

Location

626 West Main Street Saugatuck, MI 49408

Photos (click to enlarge)

Award-winning Kingsley House near Saugatuck, South Haven, Holland and Lake Michigan

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