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5845 LUM Road Update, MI 48412
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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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Bought with Deising Real Estate Services