Welcome to the Falling Spring Bed and Breakfast Lodging House, a unique property that offers the perspective owner a great opportunity for substantial, additional income! Well known in the area, Falling Spring once hosted former Presidents Jimmy Carter and Bill Clinton, who visited the area to fly fish on the spring bearing the same name. Lovingly maintained and renovated by its current owner since he acquired it in 2017, the main building boasts numerous improvements including new luxury vinyl plank flooring throughout, electrical wiring updated to meet L&I Code, all new plumbing, new light fixtures, updated bathrooms, two new A/C systems, and two new heat pumps. An on-site manager, who is responsible for cleaning and serving a continental breakfast daily, is willing to stay on with the new owner. The building also has 11 rentable rooms (one currently occupied by the manager), a pair of coin-operated laundry machines, and offers the potential for over $100,000 in net annual income assuming full occupancy. Want more space? There is a Cape Cod style storage building on the property, that could easily be finished, as well as a large garage building featuring an office area, a half bath, three new doors, and a new breaker box. Big enough to accomodate several large vehicles or a car collection, this garage could easily be leased out to provide even more rental income. Thinking of hosting events? The large parking lot, which runs parallel to Park Terrace Drive, provides more than 40 spaces to acoomodate your guests! Also, the blacktopped area to the right of the rear courtyard provides an ideal space for a tent to host outdoor events in the spring and summer months. Don't miss out on this great business opportunity! Bring offers to this motivated seller!
PAFL2020816
Other, Other, 2 Story
11
GUILFORD TWP
FRANKLIN
6 Full
1985
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4.36
Acres
Electric Water Heater, Gas Water Heater, Public Wa
Wood Siding
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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