Listing Number: 24876-770787
Relocate to the Gulf Coast on this 5,300+/- sf and ~10 acre home estate and make money while doing it.
Although primarily used as a residential home, the picturesque grounds have become an established wedding & reception venue located in Mobile, Alabama. The current owners provide a mix of natural beauty and elegant design to customize each and every wedding and event. The facility is excellent for events that range from informal parties to extravagant affairs. For smaller parties, the lake is also an excellent alternative for event space.
The new owners can choose to continue the tradition of an entertainment / special events venue or simply use the incredible estate as a single family home on 10+ acres and a lake. The current owners have a total of $51,000 under contract for 2021 and $10,900 under contract for 2022. The event planning requires little work for the owners. Their model is to simply rent the first floor of the home and grounds with the exception of tables and chairs all other aspects are third parties. This makes for a great opportunity if new owners want to provide additional services. For example: Catering, Tents, Music, Horse and Buggy, all third party. The operating costs are minimal, simply renting the venue for events.
The home consists of a Master Bedroom and Bath along with two half baths on the first floor. The second floor also has a Master Bedroom and Bath and two more Bedrooms with a Jack and Jill Bathroom and separate shower room. There is also a 950+/- square foot garage.
Add on potential: Approximately 57+/- additional acres surrounding this property that can also be purchased if tied to this sale.
- Price: $ 899,999
- Down Payment: $899,999
- Sellers Discretionary Earnings: $ 51,000
- Total Sales: $ 51,000
- Location: Mobile County, Alabama
- Inventory: $ 0
- FF&E: $ 975,000
- Reason for Selling: Relocation
- Category: Real Property Rltd