St Francis Cottage

Property Address: 1349 Gunbarrel Rd.
Chattanooga, Tennessee 37421-4117
Contact: Wallace or Nancy Braud, Owners
Contact Email: info@stfcbnb.com
Contact Telephone: 423-400-4177
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://www.stfranciscottage.com
Date Business Established: April 14, 2017
Trade Association Affiliations: n/a
Financials Verified: Yes

Area Description: Chattanooga and the surrounding area are famous for being a multi-faceted outdoor adventure destination, including hiking, rock climbing, bouldering, fishing, biking, swimming, rafting, and much more. Chattanooga is the only CITY IN A PARK in the U.S. and only one of four in the world. With the cottage only 1.3 miles east of I-75 there is quick access to everything going on in the area. It is only 15-20 minutes to downtown Chattanooga, 13 miles west of the cottage, and all the cultural activities available there including the Tennessee Aquarium, museums, excellent restaurants, and theatrical and music venues.

Site Description: Situated on a 2.3-acre secluded, wooded lot hosting a wide variety of both native and planted trees, shrubs, and flowering plants that are home to a huge array of birds, rabbits, and other small creatures. Main access to the cottage is from Gunbarrel Rd, with a 400-foot concrete driveway leading up the hill to the building and the parking area, which includes a TESLA/J-1772 EV charger.

Structural Description: Built from the ground up in 2016, commercial construction: 4700 sq ft., two-story wood frame construction, with 7 bedrooms (one 1st floor room is fully ADA compliant)(five have closets), 7 ensuite baths, 1 powder room (ADA compliant), commercial kitchen with large pantry, laundry room. large great room with ventless gas fireplace, library/media room, 4 large storage closets (one of which is the IT hub), large back deck, wrap-around front porch, handicapped ramp, circular front drive with 9 parking places (1 ADA compliant). All guest rooms have some form of electric fireplace for ambiance. Five Security cameras on the outside of the building. Three cameras in public areas. 100% Fire Sprinkler system, alarmed, and monitored.

Offering: $1,525,000 – All real estate, furnishings, personal property, guest lists, and operating materials are included with the sale, making St Francis Cottage turnkey ready to host guests. As-is, Where-is, Cash or conventional financing. No owner financing or leasing, and serious inquiries only, please.

Occupancy: 38%
Average Daily Rate: $155
Income from Room Sales: $140,000 per year on average
Property Taxes: $11,186
Electric: $300/month avg.
Water & Sewer: $350/month
Natural Gas/Propane: $150/month avg
Insurance: $11,000/year