Applewood Manor & Inn
SOLD

Ashville, North Carolina
www.bandbconsulting.us
www.applewoodmanor.com
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Property Type
Bed & Breakfast / Inn
Guest Rooms
6
Baths
6
Restaurant
No
Owners Quarters
Yes
Asking Price
$1,399,000

Occupancy Rate
NA%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

Historic Bed and Breakfast Inn located just off Montford Street, but close enough to be part of the Montford advertised subdivision. The main house has 5 guestrooms and an additional guestroom is located in the onsite carriage house. Owners' quarters located on the lower level of the house. 21 assorted planting plot in the backyard with a greenhouse [12.5 ft. x 20.5 ft.]. An ideal property for those who love attention to detail. With 1.1 acres, this property is an extra large city lot. The neighborhood, due to restrictions, is protected from development that could impede on historical significance.


Property Description

Historic B&B located off Montford Street but close enough to be part of the advertised neighborhood. This active inn boasts history, charm and class even outside its' 100+ year walls! The grounds of over an acre include gardening plots and a greenhouse. Guests choose from one of 5 suites as well as a carriage house. Asheville continues to be one of the hottest tourism locations not only in North Carolina, nor the South, but in the entire U.S.! Take advantage of this prime opportunity and own your next bed and breakfast!


Business Description

Seller offering $35,000 allowance for upgrade of current kitchen. Seller will give buyer the credit at closing or w/confirmation of funds & loan closing. Seller will have changes made prior to closing, so all the buyer needs is to move in. Additional, the Inn is sold as a "Turn Key” operation, however if buyer does not want/need furniture, seller will remove all furniture & give buyer a $25,000 credit.


Reason for Selling


Terms & Asking Price