(Photo from www.pinkhouseon45th.com.)

Many of our readers probably know The Pink House, a beautiful three-story row-home and “homey hotel alternative” tucked in between other row houses on 45th Street between Baltimore and Larchwood. Some folks may have even had relatives or friends stay there. It was revealed yesterday that the de los Reyes family, who has owned The Pink House, located at 506 S. 45th Street since 2009, is relocating this summer and looking for a new owner.

They provided nightly rentals of the Guest Suite and the Studio at The Pink House, which were generating about $4,000/month. In addition to the two rental units, which are located on the ground level and first floor, the Pink House has a spacious owner’s unit on the 2nd and 3rd floors.

The sale price for the Pink House is $600,000, excluding buyer’s broker’s fee and 4% city transfer tax. This includes the 2100 sq ft row-house plus 700 sq ft finished basement plus assets associated with the owners’ rental business, such as trade name, websites, furniture, and more.

Open Houses are scheduled for: Saturday, March 15, 1-3 p.m.; Sunday, March 16, 1-3 p.m.; Sunday, March 22, 1-3 p.m. All offers should be submitted by March 28, 2014.

More information can be found here.