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The Woldert-Spence Manor 611 W Woldert St 7 Room Bed and Breakfast Tyler, TX 75702 $445,000 ($63,571/Room) 5.96% Cap Rate
Investment Highlights
- Designated Tyler Historic Landmark.
- Offered turnkey.
- Situated two blocks from the downtown square.
- Operating continuously as a bed and breakfast since 1993.
- Located in the Brick Street Historic District.
- Features original heart-of-pine floors.
Executive Summary
The Woldert-Spence Manor is an 1884 Queen Anne Victorian and a designated Tyler Historic Landmark, operating continuously as a bed and breakfast since 1993. The 3,716 SF Manor offers seven guest rooms, each with a private bath. A detached 1,388 SF carriage house building holds two rental apartments for additional income or owner occupancy. Offered turnkey with furnishings, established booking channels, and more than three decades of operating history.
Property Facts
| Price | $445,000 | Building Size | 5,104 SF |
| Price Per Room | $63,571 | No. Rooms | 7 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 5.96% | Year Built | 1884 |
| Property Type | Hospitality | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Bed and Breakfast | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC | ||
| Zoning | R-MF - SFR | ||
| Price | $445,000 |
| Price Per Room | $63,571 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 5,104 SF |
| No. Rooms | 7 |
| No. Stories | 2 |
| Year Built | 1884 |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | R-MF - SFR |
Amenities
- High Speed Internet Access
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 7 | $167.00 | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1-50000-0089-00-011010 | Improvements Assessment | $382,026 |
| Land Assessment | $18,197 | Total Assessment | $400,223 |
Property Taxes
Parcel Number
1-50000-0089-00-011010
Land Assessment
$18,197
Improvements Assessment
$382,026
Total Assessment
$400,223
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The Woldert-Spence Manor | 611 W Woldert St