17-Bed Assisted Living Facility in Northern MI - SOLD

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Property Description
*SOLD* 17-Bed Assisted Living Facility for Sale in Northern Michigan – Elderly Residents – Adult Foster Care home in Northern Michigan licensed for 17 beds. The current owners have taken incredible care of this facility, and their passion for the business is obvious as you walk through this clean, well maintained, spacious home. While this AFC is licensed for 17 beds, the current owners have limited the number of residents to 12 as they have been preparing for retirement. A new owner can quickly increase revenue by simply increasing the number of residents to the allowed amount, which the current demand in the area will easily allow. This facility sits on nearly 10 wooded acres, with trails, and a large pole barn currently used as storage. Expansion plans, with blueprints, are available to add onto the property to either add more beds, or an adult daycare program.
Basic Details
Property Type : Assisted Living Facility
Listing Type : For Sale
Listing ID : 1003
Price : $850,000
Beds : 17
Gross Income : 450000
Net Operating Income : 135000
Seller Financing Available : Possible
Lender Preapproved : Yes
Assisted Living Facility For Sale
  • Listing ID : 1003
  • Visits : 44 in 201 days
Agent info
Vandenboss Commercial
120 N Washington Sq Suite 303, Lansing, MI 48893
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