InnShopper > Inns for Sale > Michigan > Alma > Saravilla Bed & Breakfast

Saravilla Bed & Breakfast


Alma, MI   Offered for sale at $599,000
 

Built in 1894, Saravilla has been a bed and breakfast for 28 years. Magnificent woodwork, 7 working fireplaces, and an elegant 1200 sf ballroom are among its unique features. Located on a street of similar elegant homes, Saravilla caters particularly to Alma College and Michigan Masonic Home visitors (both located within walking distance). The town's vintage downtown with numerous restaurants and shops is 4 blocks away. Virtually without competition, the Inn enjoys a healthy year-round occupancy with heaviest use May thru October. It is easily managed by an innkeeping couple but employs part-time help in housekeeping and maintenance. Innkeeper quarters include a kitchen-office-family room-bath complex on the ground floor + 4 bedrooms and a full bath on the 3rd floor. All guest rooms have private baths, televisions, and wireless internet access; 3 also offer woodburning fireplaces.



Property Details
  • 7 Guest Rooms
  • 7 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1894
  • Last Renovated in 2015
  • Opened in 1989
  • Building is 11,000 SQFT
  • Lot is 1.7 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $599,000
  • Occupancy Rate: 40%
  • Average Daily Rate: 110.00
  • Annual revenue is $137,000
  • Terms: Possible assumption of present private mortgage, subject to qualification
Contact Information