InnShopper > Inns for Sale > Texas > McKinney > McKinney Bed and Breakfast

McKinney Bed and Breakfast


McKinney, TX   Offered for sale at $750,000
 

The city of McKinney, a northern suburb of Dallas, offers an historic downtown square, with other 120 stores and restaurants (housed in the original buildings from the 1800s) all just a couple blocks from McKBnB. There is live music on the weekends, wineries, festivals throughout the year, food tours, architectural walking tours, ghost walks, carriage rides, and a weekly Farmer's Market named Best in Texas.
Less than 40 minutes from 2 international airports, McKinney has a growing national airport of it's own as well. There are 4 national sports teams all within 50 miles of the BnB, and over 30 colleges and universities.
Throughout the years, guests of McKBnB have come from all over the world, though the BnB also sees a very large percentage of guests who come in for just a night or two and are within Dallas/Fort Worth. With perfect reviews on Trip Advisor, Yelp, and Facebook, McKBnB has a wonderful repeat guest rate, and rooms are generally booked out 3-6 months in advance, depending on the time of the year. This is not a seasonal B&B, and if wanted, owners could potentially work 365 days a year, as the Texas weather is seldom prohibitive for guests.
The house, originally built in 1880, (tripled in size in 1990) features a wrap-around porch surrounded by a colorful landscaped yard. Just off the front porch, adjacent to the front door, is the private keyed entrance to one guest room/bath.
Inside the main entrance of the house is the staircase to the upper floor, and the common guest area. This living and dining area is comfortable, well-lit, and freshly painted in soft grays and whites, with large windows and floor-to-ceiling white curtains. Off the entry is a french door that leads to another large guest room and bath.
A gorgeous sliding wood and glass door (curtained) separates the downstairs common guest area from the kitchen/den area which is over 400 sf. Well-lit with large windows, the newly renovated kitchen has over 35 cabinets and drawers, a 4x8' granite island, enclosed laundry room, and a beautiful eating area for owners to enjoy, along with access to a double garage, and the cottage. This area could remain open if new owners want to do cooking classes or open the kitchen up to guests.
The beautiful two-level staircase leads to the 2 larger guest rooms. (There is also access to a multi-level walk-in attic at this level.) Both of these beautiful guest rooms have their own full bathrooms, and can potentially accommodate extra beds. One room has a private spiral staircase to the backyard of the main house. This room, the largest in the house, is used privately by the current owners, and still could be used as such, though adding it as a rentable room will increase the revenue substantially. It is a unique room with tall angled ceilings, a wood-burning fireplace with huge hearth and mirrored mantle. The well-lit bathroom to this room is 13x17' and has a separate garden tub and large shower. There is a giant walk-in closet off the bathroom as well, and access to another attic area.
The backyard boasts over 40 varieties of trees, bushes, vines, and flowers and has a covered back porch, a landscaped courtyard, a large private wooden deck for the owners' enjoyment, a lovely iron gazebo, a fire pit patio (just behind the cottage) and a pass-through side garden with iron arches, vines, and trees.
The cottage, built in 2014, has 9' ceilings, kitchen, bedroom and full bathroom, & lots of big windows. Presently, it is occupied, but is the perfect configuration for an owner’s quarters, as it is just behind the main house, connected via a covered breezeway and the courtyard.
*All appliances, dishware, linens, and guest beds are included. Most other furnishings are negotiable.



Property Details
  • 4 Guest Rooms
  • 4 Guest Room Baths
  • Has Owner's Quarters
  • Built in 1880
  • Last Renovated in 1995
  • Opened in 2012
  • Building is 3,350 SQFT
  • Lot is 0.22 Acres
  • Photo Gallery
  • Property Website
Financial Details
  • Offered for sale at $750,000
  • Occupancy Rate: 42%
  • Average Daily Rate: 193.00
  • Annual revenue is $75,000
  • Terms: Consistent, on-going, controlled occupancy for six years by the two owners. Significant growth with the new configuration options. Financials available upon agreement.
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