Update, MI 48412,5845 LUM Road
Update, MI 48412,5845 LUM Road
Update, MI 48412,5845 LUM Road
55
$535,000
$575,000
7.0%
Est.Price: ?

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4,800 SqFt

5845 LUM Road Update, MI 48412

Est. payment /mo
SOLD DATE : 09/29/2021

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Key Details

Sold Price $535,000

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $111

Subdivision Mi

MLS Listing ID 40191369

Sold Date 09/29/21

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 (44003)

Zoning Agricultural,Residential

Interior

Heating Forced Air

Exterior

Roof Type Asphalt

Building

Foundation Basement

Water Private Well

Structure Type Vinyl Siding

Others

Ownership Private

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by MBA Real Estate Services
Bought with Deising Real Estate Services

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agent

Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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