Bougainvillea Bed and Breakfast | 511 Franklin St
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Bougainvillea Bed and Breakfast 511 Franklin St
8 Room Hotel Wausau, WI 54403 $479,950 ($59,994/Room)
Investment Highlights
- Located near Rib Mountain Ski Hill, which attracts over 400,000 visitors annually, offering strong tourist traffic.
- The property earned $105,000 in the past 36 months and is projected to generate $42,000 annually with 30-50% occupancy.
- The eight units include kitchenettes, private bathrooms, 43" smart TVs, hardwood floors, and keyless entry.
- To review financials, please fill out and submit the NDA to the provided contact.
Executive Summary
The property spans 4,819 square feet across three stories and consists of eight units, including seven studio suites and one two-bedroom apartment. Each unit is equipped with its own private kitchenette and bathroom, and there is a community shared kitchen for additional convenience. The property also offers on-site laundry facilities. Heating is provided by central heat, with additional cooling from window AC units and ceiling fans.
The property has over $10,000 in trade fixture value and has generated approximately $105,000 in gross revenue over the past 36 months of operation. Based on a 30-50% occupancy rate year-round, it is projected to earn around $42,000 in gross annual revenue. In 2022, Wisconsin attracted 111.1 million tourists, and the nearby Rib Mountain Ski Hill draws over 400,000 visitors each year, providing a steady stream of potential clientele. To review financials, please fill out and submit the NDA to the provided contact.
The units feature a mix of twin, queen, and king-size beds, hardwood floors, keyless security code entry, and on-site surveillance cameras for added security. Each unit is equipped with a 43" smart television, microwave, mini-fridge, and either a shower/tub combination or walk-in shower. Porcelain sinks are featured in the bathrooms, and four fireplaces add a cozy touch to the property.
The property has over $10,000 in trade fixture value and has generated approximately $105,000 in gross revenue over the past 36 months of operation. Based on a 30-50% occupancy rate year-round, it is projected to earn around $42,000 in gross annual revenue. In 2022, Wisconsin attracted 111.1 million tourists, and the nearby Rib Mountain Ski Hill draws over 400,000 visitors each year, providing a steady stream of potential clientele. To review financials, please fill out and submit the NDA to the provided contact.
The units feature a mix of twin, queen, and king-size beds, hardwood floors, keyless security code entry, and on-site surveillance cameras for added security. Each unit is equipped with a 43" smart television, microwave, mini-fridge, and either a shower/tub combination or walk-in shower. Porcelain sinks are featured in the bathrooms, and four fireplaces add a cozy touch to the property.
Property Facts
| Price | $479,950 | Building Size | 4,819 SF |
| Price Per Room | $59,994 | No. Rooms | 8 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1908/2004 |
| Property Subtype | Hotel | Parking Ratio | 0.62/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.19 AC | Opportunity Zone |
Yes
|
| Price | $479,950 |
| Price Per Room | $59,994 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 4,819 SF |
| No. Rooms | 8 |
| No. Stories | 3 |
| Year Built/Renovated | 1908/2004 |
| Parking Ratio | 0.62/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $162.00 | - |
| Guest Room | 4 | $110.00 | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $330,200 | |
| Land Assessment | $78,100 | Total Assessment | $408,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,100
Improvements Assessment
$330,200
Total Assessment
$408,300
zoning
| Zoning Code | R3 (The R-3 district is intended to provide areas which are to be occupied substantially by single-family and two-family dwellings and attached dwellings.) |
| R3 (The R-3 district is intended to provide areas which are to be occupied substantially by single-family and two-family dwellings and attached dwellings.) |
-
Krystal Edwards - Landshark Real Estate Group
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Bougainvillea Bed and Breakfast | 511 Franklin St
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