Lambs Rest Inn
SOLD

New Braunfels,, Texas
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1,449,900
Asking Price
7
Guest Rooms
7
Baths

Property Overview

Guadalupe Riverfront Oasis in desirable Preiss Heights boasting a 5,100 sq. ft. (+/-) residence with 103 ft. (+/-) of pristine Guadalupe River frontage. This 8-bedroom home is currently operating as a B&B with lush landscaping, a pool, multiple decks and mature trees. This property can continue as a B&B or be used as a personal residence. Located along a desirable section of the Guadalupe, minutes from Gruene and its proximity to the POA’s river park, this location is unparalleled and will not disappoint!


Property Description

No Restaurant
Owners Quarters

Nestled among many mature oak and cypress trees on the clear Guadalupe River with 103 ft. (+/-) of private access, this home has endless opportunities. Inside the main house you’ll find impeccable details throughout, over 5,100 sq. ft. (+/-) of living space, over-sized family room, remodeled kitchen, window seats with built-in storage and private baths with each bedroom. The 8th bedroom and bath are private and separate from the main home. Entertain out back overlooking the Guadalupe River below on one of the many decks surrounding the exterior of the home or lounge outside by the pool.


Business Summary

46%
Occupancy Rate
$185,000
Revenue Per Room
$168
Average Daily Rate
$250,000
Gross Revenue
6 x
Gross Revenue Mulitplier

Thriving Bed and Breakfast with an occupancy rate of 46%, with very little marketing. The business could be run by an onsite manager/owner, or could be put into a property management pool for nightly rentals. No zoning or deed restrictions in the area. Financials available.


Reason for Selling

Owner has relocated out of State.


Terms & Asking Price

Cash, Conventional, 1031 Exchange