InnShopper > Inns for Sale > Texas > Fredericksburg > Magnolia House Bed & Breakfast

Magnolia House Bed & Breakfast


Fredericksburg, TX   Offered for sale at $1,350,000
 

Very successful B&B, known as Magnolia House, is for sale. $203,000 gross revenue 2017 AND owners closed 70 days in 2017 for vacation, etc. so the revenue numbers could be even higher! The Bed & Breakfast, in operation since 1991, consistently ranks in the Top 3 in Fredericksburg on TripAdvisor. Sold with most furnishings. Furnishings in owner's cottage do not convey. Curb appeal galore! This is one of the finest, most beloved old homes in Fredericksburg! Built in 1923 by architect Edward Stein, the home is unusually large for a brick bungalow. It includes 5 bedrooms and 5 baths plus an office. The guesthouse in back is a large (965 SF) 1 bedroom, 1 bath. The home is filled with original period details and built-ins including an original "ice box" as well as an exterior loading box used by ice delivery men. Spacious yard includes a delightful koi pond. Most furnishings convey. Rare opportunity to purchase one of the grand "Stein homes," Magnolia House B&B. Has great revenue numbers as a B&B but also presents an opportunity to own one of the most beautiful pieces of Fredericksburg history. High ceilings, 3 FP's, wood floors, beautiful old windows, and space galore... all on a quiet corner with gorgeous old trees. Due to excellent bookings, the property is difficult to show on weekends, particularly on Saturdays, so plan accordingly.



Property Details
  • 5 Guest Rooms
  • 5 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1923
  • Last Renovated in 2012
  • Opened in 1991
  • Building is 4,801 SQFT
  • Lot is 0.49 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $1,350,000
  • Occupancy Rate: 64
  • Annual revenue is $203,000
  • Terms: Possession negotiable on closing and funding.
  • Prequalify for Inn Financing on this property
Contact Information