Upscale, for Idyllwild, four unit, Victorian architecture building. Old-world charm blends with modern comfort in each of the unique rooms. Privately-nestled in pine and cedar trees, the Essence of Idyllwild award winning inn is a very short stroll to restaurants, the theater, famous Idyllwild art and antique galleries, as well as dozens of unique Idyllwild shops. Positioned as one of the areas more upscale inns, the CSI’s location is a repeat guest pleaser. Onsite office also manages nine, private - offsite cabins, a massage studio with excellent income, a conference or spa services expansion room, laundry, and wedding deck/garden. Web site included. There are substantiated reasons why the revenue should increase by $25,000 in 2008. Three of the four inn units have been in the rental pool. The Inn grossed $63,750 in 2007, revenue from privately owned rental cabins to the inn was $27,250, Massage studio income was $12,000. Total $102,000. Projected gross revenue for 2008 is $130,000. The inn building was last financed as an owner occupied 1-4 unit building. Possible qualifier assumption of a $500,000 first trust deed at 8.9% variable rate tied to the Libor index. Cash to loan or cash to a new loan.
Details
- Potential B&B
- 19 years as B&B
- Last renovation in 1996
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- 4 Guest Rooms
- 4 Guest Bathrooms
- Lot size: 0.20 acres
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- $795,000
- $127.00 avg daily rate
- $102,000 gross revenue
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Location
25870 Cedar Street P.O. Box 627 Idyllwild, CA 92549
Photos (click to enlarge)
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