Ghost City Inn

Jerome, Arizona

Asking Price: USD $1,265,000
Guest Rooms: 6    7

Property Overview

For Sale by Owner. Call 928-266-5701 to schedule a showing or get more information. This very unique property built ca. 1885 is located near the center of Jerome, Arizona, a famous and infamous old mining town in the northern and mountainous part of the state. It offers a strong reputation and financial performance, making it an exceptional opportunity to own and preserve a cherished piece of Jerome’s history. The historic inn enjoys the most spectacular views across the Verde Valley to the highest peaks of Arizona near Flagstaff and is an easy commute away from the iconic city of Sedona, as well as 5 state parks and can be reached by plane from the airports in Flagstaff, Prescott and Phoenix.

The building has been upgraded throughout the years. It has two stories with balconies and spectacular views from all but one of the 6 rooms. All rooms are differently themed in accordance with our southwest location and contain curated historic furniture and decorations. Each of our rooms have an ensuite bathroom and one queen size bed, except for one suite that has an additional twin size bed in the sitting room. All mattresses are less than 3-5 years old, pillows and comforters are changed once a year. In addition to our guest rooms, we have a lobby upstairs as well as a large laundry room containing 2 washers and 2 dryers, a good-sized folding table and storage. Another, larger lobby is located downstairs where our Keurig coffee machine, microwave and water urn are located. This lobby is also used for breakfast seating. Adjacent to the lobby you will find a fully equipped commercial kitchen as well as an office with more storage. In the back of the first floor, we have a room with easy access to our two 50 gallon water heaters and our employee bathroom.
The inn has a terraced garden in the front as well as in the back of the property which are both on an irrigation system and don’t require much maintenance. There is also a shed located behind the inn on the upper terrace that provides ample space for tools and extra supplies.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
Lifestyle:
  • Nearby Winery / Brewery Winery
Business Description:

The Ghost City Inn is a turn-key business, founded over 30 years ago, owned by us for over 10 years. We operate this business with three people. My husband and I are working on weekends and during our manager’s vacation and our part-time (30 hours) manager takes care of the inn during the week.
We are rated 4.7 stars on Google, 4.5 stars on Tripadvisor and 9.2 stars on Expedia. We will transfer our webpage and Facebook page with 1.7K followers upon request. Currently, we sell our rooms through our website, which is fully integrated with our reservation software, our listing on Expedia and affiliated companies, and seasonally on Airbnb. Our website address is https://GhostCityInn.com.

Terms of Sale:

All furniture, fixtures, appliances, bedding, linens, dishes etc. are included in the sales price of $1,265,000. Owner financing is available with a 35% downpayment. Financials will be made available under a NDA to serious and qualified buyers only.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
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  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Richard Faye (Owner)
  928-266-5701
Southwest Innovation Group, LLC dba Ghost City Inn

Year Built:

1885

Last Renovated:

2016

Years in Business:

32
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Financial Overview

Asking Price:

USD $1,265,000

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