5000 SF Victorian BnB, walking distance to Uptown Oxford, OH, Home of Miami University

$419,900
5
4
7,500
sq. ft.
$56
per sq ft
Heated sq ft: 5,000 sq ft
Avg Nightly Rate: $125
Home Legally Sleeps: 10
Occupancy Rate: 48 weeks
Annual Gross Income : 55000
Annual Net Operating Income : 28000
Property Type: Multi-Unit Property (B&B)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Business Stay, Couples/Romance, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 973

Property Description

5000 SF brick Queen Anne Victorian in excellent condition. 3 rental units with separate entrances, 5 bedrooms, 3 full/1 half baths. Beautiful original stained glass, wood floors and decorative trim. Option to create 2 additional units or manager's quarters in 2000 SF main level. by adding 2 baths. Gross income potential with 5 units is $85K-$95K. Guests are typically visitors to Miami University, parents of current and prospective students. Steady weekend bookings with history of extended bookings in units w/kitchens.

Presented by:
Agent:
Kelly Umbstead
Coldwell Banker
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 250
Low: 80
Peak: 140
Special Event: 175
Avarage: 125.00
Furniture Age
50
Est Value of Furnishings
$25,000
Peak & High Seasons
March, April, May, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
We plan to retire soon and need more flexibility for travel.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
55000
Net Operating Income
28000
Stories
2
Additional Indoor Rooms
Attached Garage for No car, Attached In Law Suite, Family Room, Formal Dining Room, Home Office/Den, Living Room, Mud Room, Unfinished basement
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wall Unit A/C, Wall Unit Heat
Floor Coverings
Carpet, Real Hardwood, Tile
Security
Yes
Security Description
Doors monitored by ADT, smoke detectors are tied into alarm system that calls fire department, sump pump on alarm monitored by ADT
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Carpet
Year built
1896
Outdoor Features
Detached Garage, Fenced/Gated Yard, Garden, Porch - Not screened, Porch - Screened
View
No view
Backyard Exposure
North
Lot Size
.55 acre
Community Features
Arcade, Bar, Basketball Court, Bike Rentals, Clubhouse, Community Pool(s), Fitness Center, Media/Business Center, Nature Trails/Walking Path, Not Located Inside Community, Playground, Private Golf Course, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Tennis Court
Tax Amount/Year
$6,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Arcade, Bar, Basketball Court, Bike Rentals, Clubhouse, Community Pool(s), Fitness Center, Media/Business Center, Nature Trails/Walking Path, Not Located Inside Community, Playground, Private Golf Course, Public Golf Course, Restaurant(s), Stores, Sundries Shop/Convenience Store, Tennis Court
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
7 spots on site
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
Inquire
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
3 Years
Occupancy Rate
48
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Third Party
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$25.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
$50.00
Yard & Pest Control (Annual)
$500.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$2,671.00
Water/Sewer (Annual)
$964.00
Cable/Interbet (Annual)
$2,200.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$6,000.00
Homeowner's Insurance (Annual)
$1,400.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Coldwell Banker, 5135232181

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