The New Victorian Mansion B&B

Saint Paul, Minnesota

Asking Price: USD $2,700,000
Guest Rooms: 4    5
Owners Quarter: 5    3

Property Overview

This one-of-a-kind Queen Anne Victorian isn’t just any 9-Bedroom, 14-Bath mansion home in historic Saint Paul—it’s a multi-purpose income-producing property comprised of a Bed & Breakfast, Family Residence, and a Preschool. The New Victorian Mansion Bed and Breakfast received its name after a whole-house renovation in 2013 when it was featured as the American Society of Interior Designer's Showcase Home. This 1881 Victorian was extensively restored from the inside out with many high-end updates by the Twin Cities’ best interior designers!

This unique property includes: 1) A 9000 SF 1881 Victorian comprised of the B&B and Owner's Suite; 2) a 5200 SF addition leased to a preschool for additional income; and 3) a Caretaker's House. The Bed and Breakfast encompasses 4 spacious ensuite Guest Bedrooms featuring 7 fireplaces, 2 balconies, and a turret, remarkably restored woodwork & Victorian detailing throughout the common areas of the Parlor, Dining Room, and front porch! A fully-licensed commercial kitchen is useful when hosting larger events, such as weddings. The 5-Bedroom Owner's Suite, in the former "servant's quarters" spans 3 levels and is perfect for a family and your private guests, with two high-end kitchens , a wine cellar, and a spacious and private backyard and patio. The Caretaker's House consists of a 532 SF apartment and a shed for the property's caretaking equipment. There is also a 9-spot parking lot and a chicken coop on the site.

About the Owner's Quarters

The Owner’s residence occupying the former “servants’ quarters” is a 5-Bedroom 3-Bath home, comprised of a stunning high-end kitchen with luxury name brands such as Sub-Zero, Capital, Miele, Cambria; a large Master Bedroom Suite with historic detailing, includes a walk-though den and a carrara marble master bathroom styled in a historically sympathetic herringbone pattern. The third floor can be split off into a separate apartment to accommodate another short-term rental with 4-Bedrooms, 1 bath, a large living room, and its own kitchen and laundry for additional rental income.

Features:
  • Is Historic Historic
  • Has a Barn Romantic
  • Has a Wedding Venue Wedding Venue
Business Description:

The New Victorian Mansion B&B opened in 2013, generating very consistent revenues year over year, and countless returning guests. In addition to the B&B revenues and passive rental income from the preschool, more revenues can be generated from hosting events on the property, such as weddings.

Terms of Sale:

The sale includes all the assets of a fully-furnished Bed and Breakfast with 5-star reviews and a 10-year book of business. Seller will consider financing with 50% cash down payment.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Whitney Blessing (Owner)
  612-600-4118
The New Victorian Mansion B&B

MLS:

6458855

Sq Ft:

15,294

Acres:

1

Year Built:

1881

Last Renovated:

2013

Years in Business:

2013

MLS:

6458855
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Financial Overview

Asking Price:

USD $2,700,000

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