Maison on Main, LLC

Fayette, Missouri
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219,000
Asking Price
4
Guest Rooms
3
Baths

Property Overview

This charming historic home has flexibility! Maison on Main has been used as a Bed and Breakfast for the past few years, plus an additional apartment. Located in Fayette, MO, home of thriving Central Methodist University, beautiful farmland for hunting not far from the Missouri River, and Blue Bell Farm, a remarkable wedding venue, all of which help keep Maison on Main busy.

The owner might choose to live in the apartment or have it as a rental for it's added income potential (w/ own entry incl. a full kitchen).

Contents negotiable (except for dining room table/chairs, & lawyer bookcases). Airlink for WiFi. Not currently leased.


Property Description

1874
Year Built
3,153
Sq Ft
No Restaurant
Owners Quarters

You will be greeted by beautiful lead glass around the front entry and a remarkable banister in the foyer. This home has pocket doors, interesting built-ins, high ceilings & generous room sizes, plus lots of storage. The 5 fireplaces (not operational or warranted) add to the aesthetics (wood in dining room, marble in parlor). Upstairs fireplaces two rooms have Econo Heat panels in place. Heating is radiator heat in some areas, and electric heat in some areas. Home sits on a large lot on a quaint brick street with an easy walk to historic downtown Fayette, Central Methodist University & a convenient 1 block walk to grocery store. The yard has lovely trees, but also is a great space for a flower and/or vegetable garden.


Business Summary

19%
Occupancy Rate
$75
Average Daily Rate
$5,312
Gross Revenue
41 x
Gross Revenue Mulitplier

The owner now resides in AZ, while this property is in MO. The owner has been unable to return to the property for 2+ years due to Covid concerns. Because of this, the income and usage of the B and B and rented apartment has been reduced and varied. In effort to be transparent, determining income between the B and B and the rented apartment is a little challenging to sort and fit into the questions asked for the listing. The numbers supplied here are APPROXIMATE as sometimes the entire upstairs was rented as apartment space to local college students, and at other times, it was used as a B and B.

PLEASE NOTE: Financial information provided is all approximate!
B and B Gross Revenue $5,312.64 in 2021. In addition, the upstairs was rented to college students for the 2021-22 school at approximately $1,000 per month. So, the gross revenue and gross revenue multiplier info provided is quite unreliable.
Occupancy Rate for B and B in 2021 APPROXIMATELY 19%. The owner indicates the B and B was rented 71 times in 2021, but data is not broken down into how many rooms were occupied each night.
Average daily rate - APPROXIMATELY $75


Reason for Selling

While the B and B and apartment are in Missouri, the owner resides in Arizona.


Terms & Asking Price

Cash, conventional. Currently not leased as apartment, but it could be in the future. If leases are in place at the time of sale, terms of the leases would need to be honored.


Location

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