17 Bed Assisted Living Facility in Northern Michigan

, MI

MI
MI
FOR SALE
Property Type:
Assisted Living
Amount:
$800,000 to $850,000
Cap Rate:
12.00%
Last Verified:
May 30, 2018

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.


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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