Located in the picturesque heart of Warrensburg, this unique property offers an exceptional investment opportunity, including two distinct properties: the renowned Gelbach Manor Bed & Breakfast and a well-maintained adjacent rental home. Positioned just steps from the University of Central Missouri and a short walk from the vibrant downtown area, famous for its lively bars, restaurants, and shops, this location is prime. Gelbach Manor, situated at 300 S. Holden St., operates as a bed and breakfast or short-term rental and stands as the crown jewel of this collection. It uniquely offers 7 bedrooms, 7 bathrooms, and 3 kitchens, where historic elegance meets modern convenience, providing supreme comfort for guests. A standout feature is the large outdoor pool that serves as a luxurious retreat. For a prospective owner interested in residing on the property, Gelbach Manor is ideally structured with separate living quarters, allowing you to enjoy a private residence while managing the bed and breakfast. The property currently generates approximately $55,000 in gross annual rents, with potential for growth, especially since it is currently owner-occupied. The sale also includes the adjacent property: 106 Ming St.: A charming college rental, featuring 4 bedrooms and 1.5 bathrooms, currently renting for $1,125 per month with potential to rise to $1,350 per month. This is a unique opportunity to live in the beautiful Gelbach Manor while benefiting from the income potential of both the bed and breakfast and the rental property, all in a location that combines historical allure with modern amenities and robust income possibilities.
| Date | Price |
|---|---|
| -- | New Value: $1,300,000 |
| 4/26/2024 2:32:22 PM | New Value: $1,300,000 |
| 2/12/2024 11:32:25 AM | New Value: $1,645,000 |
| 12/16/2023 12:17:00 PM | New Value: $1,675,000 |