103 N Almer St, Caro, MI 48723
This exceptional investment opportunity presents two meticulously restored Victorian properties in downtown Caro, MI. The main house, built in 1886, features a stunning wrap-around porch and elegant formal dining room. A complimentary breakfast is served to guests. The second property, a cozy Parsonage, offers additional guest accommodations. Amenities include a backyard patio, hot tub, and game room. Both buildings have been lovingly restored, maintaining their original Victorian charm while offering modern comforts. The property sits on a 0.35-acre lot and is ideally located for exploring nearby attractions such as Frankenmuth, Caseville, Bay City, and Saginaw. This turnkey bed and breakfast business offers a unique blend of history, hospitality, and high earning potential, making it an unparalleled investment opportunity. The property is priced at $1,280,000. This is a rare chance to acquire a thriving, established business with significant potential for growth. The property's prime location and established reputation ensure a steady stream of guests. The current setup is ready for immediate operation, minimizing the need for significant upfront investment.
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Himelhoch Bed & Breakfast Bed & Breakfast Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
