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Otter Creek Inn Bed & Breakfast 2536 Hansen Ln
6 Room Hotel Altoona, WI 54720 £625,178 (£104,196/Room)
Investment Highlights
- Motivated Seller!
- 6 Guest rooms each with fireplace & jacuzzi
- Turnkey business with training
- Established cash flowing B&B
Executive Summary
Property Facts
Amenities
- Bed & Breakfast
About 2536 Hansen Ln , Altoona, WI 54720
Just reduced by 100K! Motivated Seller is moving out of state. The Otter Creek Inn is a classic EnglishTudor-style B&B that has been in business for over 35 years. The Inn features 6 guest rooms, each with aprivate bath, gas fireplace, and jacuzzitub. The rooms are tastefully decoratedand offer every modern amenity. In addition to the suites, the private owner’s/staff quarters include 2 bedrooms, 1bath, kitchen, and living space. The 1.02 acre lot has landscaped grounds, courtyard with gazebo, and majestic towering trees. Updated in 2018 and 2020, with a new roof, insulation, beds, mattresses, appliances, and hot water heater. Property features a heated 12+ car garage, 2 car maintenance garage, and guest parking. The B&B has an occupancy rate of 72.6% with over $244,000 in annual revenues and just over $100,000 in net operating income. The property is being sold turnkey, with training. Effective marketing plan and staff already in place. New responsive website that features a state-of-the-art booking engine and retail shop. Extremely high guestratings on multiple travel agency websites.
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 6 | £123.63 | - |
PROPERTY TAXES
Parcel Number | 18201-2-270927-140-0004 | Improvements Assessment | £359,066 |
Land Assessment | £65,491 | Total Assessment | £424,557 |
PROPERTY TAXES
zoning
Zoning Code | R (Zoned Residential and has operated as a buiness using permits from the City of Altoona, WI) |
R (Zoned Residential and has operated as a buiness using permits from the City of Altoona, WI) |
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Otter Creek Inn Bed & Breakfast | 2536 Hansen Ln
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