Description
Welcome to Gelbach Manor - An Iconic Landmark Bed & Breakfast in the Heart of Warrensburg. Gelbach Manor Boasts Over 9,000 SQF of Living Space - A Fully Restored & Renovated 1900s Era Estate Home. This Home is Prime for "House Hacking" - Current Owners Occupy the Property & Cash Flow Over $48,000 / Year JUST in Short-Term Rents! Property may be able to be Considered a 4-Plex, Allowing for VA Loan Use. Gelbach Manor is a Package Sale - Included is 106 Ming (Adjacent Renovated Rental) - Renting for $1200 / Mo. & Stays Fully Occupied. 302 S. Holden & 108 Ming St. (Also Adjacent) are Negotiable - 302 S. Holden Rents for $1600 / Mo. & 108 Ming Rents for $1100 / Mo. Simply Too Many Upgrades to List - All Features, Upgrades, Etc. will be Provided During Buyer Due Diligence. Property also has Re-Development Potential if Buyer does not Wish to Occupy. Directly Across the St. is Norton Manor, a Similar Home which Rents for $550 / Bed (Student Housing), Now Owned by the Catholic Church. Architect Stamped Plans Exist which can Convert Gelbach Manor into a 30 Bed / 13 Bath / 8 Laundry Student Housing Development - Including all City Required Parking and Building Restrictions - Over $200,000 / Year in Rental Income Potential!
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7BEDS
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1ACRES
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7BATHS
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11/2 BATHS
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8,963SQFT
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$167$/SQFT
Description
Welcome to Gelbach Manor - An Iconic Landmark Bed & Breakfast in the Heart of Warrensburg. Gelbach Manor Boasts Over 9,000 SQF of Living Space - A Fully Restored & Renovated 1900s Era Estate Home. This Home is Prime for "House Hacking" - Current Owners Occupy the Property & Cash Flow Over $48,000 / Year JUST in Short-Term Rents! Property may be able to be Considered a 4-Plex, Allowing for VA Loan Use. Gelbach Manor is a Package Sale - Included is 106 Ming (Adjacent Renovated Rental) - Renting for $1200 / Mo. & Stays Fully Occupied. 302 S. Holden & 108 Ming St. (Also Adjacent) are Negotiable - 302 S. Holden Rents for $1600 / Mo. & 108 Ming Rents for $1100 / Mo. Simply Too Many Upgrades to List - All Features, Upgrades, Etc. will be Provided During Buyer Due Diligence. Property also has Re-Development Potential if Buyer does not Wish to Occupy. Directly Across the St. is Norton Manor, a Similar Home which Rents for $550 / Bed (Student Housing), Now Owned by the Catholic Church. Architect Stamped Plans Exist which can Convert Gelbach Manor into a 30 Bed / 13 Bath / 8 Laundry Student Housing Development - Including all City Required Parking and Building Restrictions - Over $200,000 / Year in Rental Income Potential!
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