Beds | 8 Baths | 8,963 SqFt
300 S Holden ST, Warrensburg, MO 64093
Are you looking for a unique and lucrative real estate investment opportunity? Look no further than 300 S Holden St, Warrensburg, MO 64093. This exceptional package not only includes the renowned Gelbach Manor Bed & Breakfast but also three adjacent properties, all in a prime location near the University of Central Missouri and downtown Warrensburg.
Let's start with the crown jewel of this collection - Gelbach Manor. This impressive bed and breakfast/short-term rental offers 7 bedrooms, 7 baths, and 3 kitchens. It seamlessly blends old-world charm with modern conveniences, ensuring guest comfort and satisfaction. One of its standout features is the large outdoor pool, providing a luxurious retreat for guests. Currently, the property's gross rents amount to approximately $55,000 annually. However, there is significant potential for increase as the property is currently owner-occupied.
Adjacent to Gelbach Manor are three well-maintained rental properties that further enhance the investment potential of this package. First, we have 302 S. Holden St., a spacious 4-bed, 1.5-bath college rental. It currently fetches $1,500 per month, but with the addition of a second full bath, the projected rent could be increased to $2,000 per month.
Next, we have 106 Ming St., a charming college rental that currently earns $1,125 per month. However, with the projected rent of $1,350 per month, this property offers a steady income stream and potential for growth.
Lastly, we have 108 Ming St., an adorable 4-bed, 2-bath college rental. Currently renting for $1,380 per month, this property has the potential to generate $1,600 per month, providing a reliable source of income for the savvy investor.
What sets these properties apart is their excellent condition and virtually no deferred maintenance. This means that you can invest with confidence, knowing that the properties are in great shape and won't require significant repairs or renovations.
So, let's talk numbers. The current actual cumulative Net Operating Income (NOI) across all four properties stands at an impressive $81,768.50. However, the pro forma NOI is projected to reach $156,200, making this investment opportunity even more lucrative.
But it's not just about the numbers. Owning this real estate package means becoming a significant part of Warrensburg's history and community. Located directly north of the university, these properties offer historical allure, modern amenities, and a robust income potential.
Whether you're a seasoned investor or new to the real estate game, this Warrensburg investment opportunity is worth considering. With Gelbach Manor Bed & Breakfast as the centerpiece and three adjacent properties that promise steady rental income, this package offers the perfect blend of charm, convenience, and profitability.
Don't miss out on this chance to own a significant piece of Warrensburg's real estate. Contact us today to explore this remarkable opportunity and secure your investment in the heart of Missouri.