402 NE 1ST St

    MICANOPY, FL 32667
    • $1,250,000
    • STATUS: Active
    • ON SITE: 387 days
    • MLS #: 865215
    UPDATED: 50 min ago
    $1,250,000
    • 11
      BEDS
    • N/A
      ACRES
    • 16
      BATHS
    • 3
      1/2 BATHS
    • 9,412
      SQFT
    • $133
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:
    Area:

    School Ratings & Info

    Description

    WELCOME TO THE HERLONG MANSION HISTORIC INN & GARDEN!!! BUILT IN 1845 VOTED "FLORIDA MOST ELEGANT BED & BREAKFAST" BY FLORIDA TREND MAGAZINE. THE HERLONG MANSION HAS BEEN FEATURED ON "GOOD MORNING AMERICA/ABC NEWS", SOUTHERN LIVING MAGAZINE, NATIONAL GEOGRAPHIC MAGAZINE, AND MORE THE MANSION HAS 13 BEDROOMS AND 16 BATHROOMS, RECEPTION HALL, OVER 2 ACRES TOTAL, STORAGE SHED.THE OWNERS HAVE ENJOYED AND MAINTAIN THE INN AS ITS BEST BUT ARE READY FOR RETIREMENT. THEY HAVE BROUGHT OVER $389k PER YEAR WITH A CAP RATE OF 22% BASE ON ASKING PRICE. IT IS ONE OF THE BEST INCOME PRODUCING BED AND BREAKFAST IN FLORIDA. LOCATED JUST 10 MINUTES FROM DOWNTWON GAINESVILLE BUT STILL OFFERS THE PEACEFULL OLDE FLORIDA LIFESTYLE. THE MENSION IS SURROUNDED BY MAJESTIC OAK TREES AND SHORT WALK TOSHOPPING

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    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-02-24T00:25:32.093.

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    www.exitrealestategallery.com/homes/69574365

    402 NE 1ST St MICANOPY, FL 32667

    • Price: $1,250,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 865215
    11
    Beds
    16
    Baths
    3
    ½ Baths
    N/A
    Acres
    9,412
    SQFT
    $133
    $/SQFT
    1915
    Built
    Neighborhood:
    Natures Forest
    County:
    Alachua
    Area:
    75-Micanopy
    Property Description
    WELCOME TO THE HERLONG MANSION HISTORIC INN & GARDEN!!! BUILT IN 1845 VOTED "FLORIDA MOST ELEGANT BED & BREAKFAST" BY FLORIDA TREND MAGAZINE. THE HERLONG MANSION HAS BEEN FEATURED ON "GOOD MORNING AMERICA/ABC NEWS", SOUTHERN LIVING MAGAZINE, NATIONAL GEOGRAPHIC MAGAZINE, AND MORE THE MANSION HAS 13 BEDROOMS AND 16 BATHROOMS, RECEPTION HALL, OVER 2 ACRES TOTAL, STORAGE SHED.THE OWNERS HAVE ENJOYED AND MAINTAIN THE INN AS ITS BEST BUT ARE READY FOR RETIREMENT. THEY HAVE BROUGHT OVER $389k PER YEAR WITH A CAP RATE OF 22% BASE ON ASKING PRICE. IT IS ONE OF THE BEST INCOME PRODUCING BED AND BREAKFAST IN FLORIDA. LOCATED JUST 10 MINUTES FROM DOWNTWON GAINESVILLE BUT STILL OFFERS THE PEACEFULL OLDE FLORIDA LIFESTYLE. THE MENSION IS SURROUNDED BY MAJESTIC OAK TREES AND SHORT WALK TOSHOPPING
    Exterior Features

    Building Stories 3 Stories Lot Description High & Dry Navigable To Ocean YN No Parking Facilities 51 - 100 SpacesGuest Parking Pool No Pool Road Surface Concrete RoadDirt Road Waterfront YN No

    Interior Features

    Cooling Central Cooling Heating Central Heating

    Property Features

    Annual Misc Income 389000.00 Annual Operating Exp 90000.00 Buildings 4+ Buildings Country Usa Current Zoning Bed & Breakfast Historic Area Yes Legal Name Of Subdiv Natures Woods Multifamily Type Sngl Family-Detached Occupancy At Closing Possible Financing 1031 ExchangeCash Square Foot Source Tax Roll Units 11 - 15 Units Utilities Sewer - Septic Sys

    Listing courtesy of Brite Real Estate Professional


    © 2018 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than EXIT Real Estate Gallery are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2018-02-24T00:25:32.093.

    Digital Millennium Copyright Act
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