Miss Mollys Inn

Chincoteague, Virginia

Asking Price: USD $875,000
Guest Rooms: 7    7

Property Overview

Miss Molly's Inn: the iconic Chincoteague Island bed & breakfast with a special history - where Marguerite Henry stayed while while writing "Misty of Chincoteague"... the island's oldest and a very successful B&B! Waterviews of the Channel from the rooms and balconies... Tastefully decorated, offering 7 bedrooms each with its own unique character. Rooms with private baths, rooms with balconies, one with a private porch... Large common parlors, living spaces, dining room, many porches and decks, fireplace plus large courtyard AND lovely rocking chair-laden wraparound front porch! Situated right downtown! Conveys fully furnished, equipped and turnkey. Since recent owners have taken ownership, the income has more than doubled! What a great opportunity to own a piece of Chincoteague history!

Features:
  • Is Historic Historic
  • Has a Barn Romantic
  • Waterfront Property Waterfront
  • Has a Wedding Venue Wedding Venue
Lifestyle:
  • Near the Beach Beach
  • Close to Fishing Fishing
  • Near Horses Horse
Valuation & Mortgage Calculator:
30 Years Fixed
7.5 % Interest
  • Loan Amount $525,000
  • Principle and Interest $3,671/mo $44,052/yr
  • Cash Flow You need to first forecast NOI
  • DSCR You need to first forecast NOI
  • Cap Rate You need to first forecast NOI
  • ROI You need to first forecast NOI
Listed By
Angie Abell (Listing Agent)
  7577101598
Beach Bay Realty

MLS:

63665

Sq Ft:

3,500

Acres:

0

Year Built:

1894

MLS:

63665
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Financial Overview

Asking Price:

USD $875,000