The Kingsley House $625,000

HUGE PRICE REDUCTION! Now more than $75,000 less than recent 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

$625,000
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