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22208 WINGATE Farmington Hills, MI 48335 4239
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Key Details
Sold Price $630,958
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,037 sqft
Price per Sqft $309
Subdivision Mi
MLS Listing ID 60231517
Sold Date 10/13/23
Annual Tax Amount $8,878
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 87.00 x 133.00
Property Description
The asking price of $1,600,000 is for two locations 1) Northville, MI ($900k business and real estate Essence Memory Care I, MLS #20230050738) and 2) Farmington Hills, MI ($700k business and real estate Essence Memory Care II, MLS #20230050786). This existing in-home healthcare business offers two fully remodeled and licensed turnkey and profitable locations in a residential setting. Each location is licensed separately and offers 6 beds per location. Fully occupied with annual contract renewals and a waiting list of future residents. Photos of both locations are included. This business, its owner, and care team have a great reputation and take great pride in offering one on one companionship to their residents in addition to providing the medical care that they require. Both are cash flow positive in an industry that will only continue to grow as the demand for more personal and quality in home care continues. The real estate and businesses are owned and managed by the same partners. Cassand Realty owns the real property, Essence Memory Care I is the owning entity of the Northville location and Essence Memory Care II is the owning entity of the Farmington Hills location. Financials are organized by entity. A signed NDA is included in the documents, please sign and email to Whitney to obtain financial and additional sale details for the properties.
Location
State MI
County Oakland
Area Farmington Hills (63231)
Zoning Residential
Interior
Heating Forced Air
Exterior
Waterfront No
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Private
Assessment Amount $64
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
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Bought with Findlay Investments, LLC