20 Bed AFC Institution **ASSET SALE!!!!!**PENDING**

Lake City, MI (Missaukee County)

20 Bed AFC Institution **ASSET SALE!!!!!**PENDING**
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Asking Price: $750,000

Cash Flow: N/A

Gross Revenue: $720,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1972

20 Bed AFC Institution **ASSET SALE!!!!!**PENDING**

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Business Description

Peaceful and relaxing setting is a happy setting for the elderly care!!! That is what this 20 bed Assisted Living Home is. Patients enjoy the serene setting of this location that sits on 5 Acres of property. This is a 9,877 square foot institutional style facility which also comes with a 1,568 sq ft 4-bedroom home attached to main building with offices and living quarters for the staff. The main facility includes a large kitchen and cafeteria style dining area, large recreation room, beauty salon, theater room, outside patio and pavilions and raised garden area for patients to have the option of growing their own fruits and vegetables. This facility is currently being underutilized and is currently being used for Senior Living. This will be an ideal location for Adult Foster Care or a Physical or Drug Rehabilitation Center. There is no need for updates because the facility is perfectly maintained and updated! This community group home provides 24 hours around the clock 7 days a week care for 20 residents with hygiene, dispenses medications, cleans and prepares meals. This home tends to the elderly and the mentally ill. The owner opened this business in 1972 and would love to stay but it’s time to retire.
NOTE*** This business includes a farm house on 67 acres of land as well!!!***

THIS FACILITY IS PRICED AS AN ASSET SALE!!! THIS IS A MUST SEE!!!!!

Detailed Information

Location:
Lake City, MI
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
9,877
Employees:
4
Financing:
CASH/ Conventional Financing
Reason for Selling:
Retiring
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Joseph Barbera

Business Listed By:
Joseph Barbera

Locations Commercial Real Estate Services

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