$535,000
$575,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
4,800 SqFt
SOLD DATE : 09/29/2021
Key Details
Sold Price $535,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $111
MLS Listing ID 2210049965
Sold Date 09/29/21
Originating Board Realcomp II Ltd
Year Built 1992
Annual Tax Amount $3,181
Lot Size 9.870 Acres
Acres 9.87
Lot Dimensions 329 X 1340 X 310 X 1340
Property Description
Income producing property! This large ranch home sits on 10 acres that are SO BBEAUTIFUL it has been named Angelic Gardens. 8 bedrooms and 5 bathrooms are spread out over 4800 sf of usable living space that is currently a licensed Adult Care Facility. The facility is currently making $20K a month income. The main floor has 5 bedrooms and 3 baths! There is a separate 2 bedroom/1 bath apartment with private entrance for staff or owners to live in along with another 1 bedroom/1 bed apartment for higher functioning residents to rent. This is a well run business that's been licensed for almost 20 years. The sellers will transfer the property as is for anyone wanting to revert the property BACK to residential use only or will transfer the tenants and business. Property only = $525,000. Property + Business = $575,000. This is a great opportunity to own a beautiful piece of property that pays for itself.
Location
State MI
County Lapeer
Area Arcadia Twp
Zoning Agricultural,Residential
Direction E on Lyons from Van Dyke Rd S on N Summers
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Pool No
Utilities Available 220V Available
Waterfront no
Waterfront Description Pond
Roof Type Asphalt
Accessibility Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Entrance
Road Frontage Class D
Building
Foundation Basement
Sewer Septic Tank (Existing)
Water Well (Existing)
Level or Stories 2 Story
Structure Type Vinyl
Schools
School District Imlay City
Others
Tax ID 00202400310
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Full Service
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Bought with Deising Real Estate Services