Manor on the River

$950,000
6
5
6,000
sq. ft.
$158
per sq ft
Heated sq ft: 5,000 sq ft
Avg Nightly Rate: $750
Home Legally Sleeps: 12
Occupancy Rate: 25 weeks
Annual Gross Income : 102000
Annual Net Operating Income : 55000
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: Will Consider
Niche: Business Stay, Couples/Romance, Resort
New Construction: Inquire
Days on Vrolio: 534

Property Description

What a place to be all together with enough space to spread out or be in our own retreat space if you want. The floor plan offers a grand open floor plan with 23' ceilings and also offers intimate areas like the living room with grand piano or the lower level family room with cozy real wood fireplace and it's own kitchen. The outdoor space is just as grand with a huge deck overlooking the beautiful Mississippi and LL Hot Tub. The bedrooms are separated by living spaces for your privacy. Enjoy a classic Minnesota trip and and come stay on the Mississippi River! This 6-bedroom, 5-bathroom riverfront vacation home boasts 5,000 square feet and comfortably sleeps 12. Spend your days renting the private pontoon and browsing the boutique shops before you enjoy all the amenities the house has to offer, including your very own hot tub! This impressive home was an original farmstead house and the property used to include much of the surrounding area. You and your guests will have plenty of room to spread out over the home's expansive open floor plan and be able to enjoy views of the river from practically every room. Unwind on the plush sofas in the Great Room and turn on the 82" Smart TV. When you get a little chilly, turn on the gas fireplace and warm up the space. Grab some fresh air on the expansive back deck with ample outdoor seating, views of the river, and a gas grill, or cozy up in the lower level family room with wood fireplace. Add in the private office on the main level, and there is no better place to enjoy a destination work-from-home! Enjoy cooking delicious meals in the fully equipped kitchen which features a 6-burner gas stove, double ovens, a prep sink, stainless steel appliances, custom cherry cabinets, large center island bar, and granite counter tops. Just wow.

Presented by:
Owner:
brian moksnes
Seller Financing
Will Consider
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 1400
Low: 500
Peak: 1500
Special Event: 1700
Avarage: 750.00
Furniture Age
10
Est Value of Furnishings
$50,000
Peak & High Seasons
May, June, July, August, September
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
To retire soon.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
102000
Net Operating Income
55000
Stories
3
Additional Indoor Rooms
Attached Garage for No car, Attached In Law Suite, Family Room, Finished basement, Formal Dining Room, Game Room, Home Office/Den, Living Room, Mud Room, Other
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace, Wood Burning Fireplace
Floor Coverings
Carpet, Laminate Wood, Real Hardwood, Tile
Security
No
Security Description
Half Baths
1
Master Suite(s)
Inquire
Energy Efficiency
Carpet, Energy Efficient Insulation, Programmable thermostat
Year built
2007
Outdoor Features
Deck, Dock, Fire Pit, Walk Out Balcony, Other
View
River/Creek
Backyard Exposure
North
Lot Size
.9 acres
Community Features
Bar, Lazy River, River Access, Other
Tax Amount/Year
$7,000
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Bar, Lazy River, River Access, Other
Mandatory HOA
Inquire
Home Legally Sleeps:
12
Onsite Parking
10 car driveway
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$7.25
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
5 Years
Occupancy Rate
25
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
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Credit Card Fee
$3.00
Cleaning Fee
$400.00
Licesnes & Permits (Annual)
$120.00
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
$1,200.00
Pool & Spa Maintinence (Annual)
$1,200.00
Electricity (Annual)
$3,500.00
Water/Sewer (Annual)
$1,200.00
Cable/Interbet (Annual)
$720.00
Accounting Fee (Annual)
$300.00
Property Taxes (Annual)
$7,000.00
Homeowner's Insurance (Annual)
$3,500.00
Short Term Rental Insurance Rider (Annual)
$200.00
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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