Michigan Assisted Living and Nursing Homes For Sale

Assisted Living and Nursing HomesMichigan

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Genesse County Six Bed Adult Foster CareTurn Key Operation - Seller Financing Available
$425,000Cash Flow: $44,173Seller Financing
Genesse County Six Bed Adult Foster CareTurn Key Operation - Seller Financing Available

Genesee County, MI

Licensed and operating six-bed adult foster care in Genessee County loocated just minutes from a hospital. This AFC is a great opportunity for an investor or somebody that wants to expand their current AFC portfolio. This facility is fully staffed with manager in place, and little owner involvement. NOI $84,204. 3,000 sq ft, plus finished basement. 5 bed, 2 1/2 bath, screen in porch. On almost 1 acre. Room to expand.

Six Bed Adult Foster Care in Central MI - Management in PlaceTurn key facility. Excellent opportunity for investor to get into the AFC busine
$300,000Cash Flow: $65,000
Six Bed Adult Foster Care in Central MI - Management in PlaceTurn key facility. Excellent opportunity for investor to get into the AFC busine

Ithaca, MI

Turn key facility with management and staff in place. Little owner involvement needed. This is a licensed six bed AFC home in Gratiot County, MI located on 6.77 acres of land. This well maintained facility generates consistent cash flow with opportunity to grow. This facility has a 6/1 staffing ratio with little oversight from owner. Seller can stay involved to assist with licensing requirements for new owner.

Two 20-Bed Assisted Living FacilitiesTurn key with staff and management in place
$1,500,000Cash Flow: $202,973
Two 20-Bed Assisted Living FacilitiesTurn key with staff and management in place

Kent County, MI

Two 20-bed assisted living facilities for sale in the Greater Grand Rapids area. Each facility is licensed 20 bed Adult Foster Care. One facility is currently operating at full capacity, while the other is operating at 65%, mainly due to four of the units being remodeled. Both facilities are receiving monthly bed rates that are far below market, allowing significant room for increased revenue. Both facilities are receiving supplemental payments from the State of Michigan as well as other agencies in addition to the money collected from the residents each month. This is a fantastic opportunity to step into two facilities that are already profitable and priced based on their current revenue and increase revenues significantly over the next 6-12 months. Fantastic value add opportunity Priced based on current valuation Increased bed rates in both locations plus increased occupancy in one can double revenue Staffing costs are low due to one facility having some staff living on site in an attached apartment

17 Bed Assisted Living in Northern MichiganBeautiful facility with little owner involvement needed
$850,000Cash Flow: $135,000
17 Bed Assisted Living in Northern MichiganBeautiful facility with little owner involvement needed

Otsego County, MI

Adult Foster Care home in Northern Michigan licensed for 17 beds. The current owners have taken incredible care of this facility, and their passion for the business is obvious as you walk through this clean, well maintained, spacious home. While this AFC is licensed for 17 beds, the current owners have limited the number of residents to 12 as they have been preparing for retirement. A new owner can quickly increase revenue by simply increasing the number of residents to the allowed amount, which the current demand in the area will easily allow. This facility sits on nearly 10 wooded acres, with trails, and a large pole barn currently used as storage. Expansion plans, with blueprints, are available to add onto the property to either add more beds, or an adult daycare program.

Two Adjacent Six-Bed Adult Foster Care HomesTwo well established and well maintained AFC homes with upside!
$550,000Cash Flow: $61,350
Two Adjacent Six-Bed Adult Foster Care HomesTwo well established and well maintained AFC homes with upside!

Lansing, MI

Two adjacent AFC homes in Lansing, MI. Excellent opportunity for the investor/ entrepreneur looking to get into the assisted living business with these two established homes with an experienced staff, or for a current AFC operator to expand into two new locations that are already producing income. One of the two homes was just recently opened, so beds are still being filled. The financial details listed here are for one of the two homes only, since the second does not have any historical financial information yet. Pro forma with both homes, with state average bed rate, with a manager and staff covering all required hours is as follows: Gross Income: $397,440 Net Income: $100,744 Cap Rate: 18.32% Cash-on-Cash Return with 35% Down Payment: 36.37% DSCR: 3.28

Menominee County 12 bed AFC
$450,000Cash Flow: $82,000
Menominee County 12 bed AFC

Menominee County, MI

Licensed and operating 12-bed AFC in the Upper Peninsula located on 2.5 acres with ample scenic views. Sprinkler system with 1,000 gallon suppression tank. 7 bed, 4 bath, sun porch and covered back porch. Significant room to increase monthly bed rates.

Assisted Living/Residential Care Home/AFC
$1,020,000Cash Flow: $120,000
Assisted Living/Residential Care Home/AFC

Wayne County, MI

Assisted Living/Residential Care Home/AFC for sale located in SE Michigan with 2 locations for a total of 12 beds. Selling Business and Real Estate as one package. In operation for over 8 years. Seller only works part time. Great staff in place and excellent locations. Homes are newer and are up to date with no deferred maintenance. At maximum capacity 90% of the year.

Assisted Living Facility & Much More…
$1,750,000Cash Flow: $132,780Seller Financing
Assisted Living Facility & Much More…

MI

This very special Assisted Living facility in Northwest Michigan. The surrounding environment is not just beautiful and peaceful, it is a reflection of the very caring staff who make up the overall culture of a special place. This Assisted Living facility provides 6 one-bedroom independent living apartments and 4 studio apartments all with private baths. They are known for: EXCELLENCE IN CARE: Loving, caring and compassionate staff delivering customized care to meet the changing needs of residents at all stages of senior life. STRENGTH IN COMMUNITY AND RELATIONSHIPS: The staff work to create and maintain a caring, compassionate and professional support network to meet the physical and emotional needs of residents. The staff builds strong relationships with resident’s families and collaborates with partners and agencies in the local medical community. COMMUNICATION: Regular communication with family members is a practice at this facility. Communication to families is a foundation of this practice so that family members are aware of the activities being provided and the status of their family members. For the convenience of family members the communication takes place through photographs being sent, text messages and when appropriate phone calls. The business model is built upon providing services for private pay residents. This operation is capable of customizing its services to the specific needs of each resident, perhaps one of the most unique propositions and benefits existing in the senior care industry. The facility provides various programs for residents including day trips and exercise activities. There are ADDITIONAL REVENUE & GROWTH OPPORTUNITIES available for the new owner, including: • Memory Care • Senior Day-Care • Hospice Care • Podiatry Service • Medicare & Medicaid Residents • There is ample property associated with the Assisted Living facility to more than double the capacity of this operation or expand by constructing a skilled nursing center. In addition, the adjacent house and five acres of land are available for purchase that can be used as the primary residence of the new owner or utilized for additional revenue opportunities, including: • Short stays for seniors so they can increase their social interaction and variety of activities rather than being confined to their home • Family overnight or extended visits • Potential Bed & Breakfast Revenue or rental for families/groups • Short stays for seniors to provide a break for caregiving family members • Upgrading the facilities on property for use as a special events venue

Fully Functional Assisted Living Home in Attica
$374,900
Fully Functional Assisted Living Home in Attica

Attica, MI

A fully functional assisted living home, comes with all furniture and equipment. Currently licensed for 9 residents, could possibly be changed to 11 with constructional changes and re-licensing for additional residents. Ranch with finished full basement. Roof is approximately 8 years old and new furnace in 2016. New wheelchair ramp and deck on the front and back of the home. Large pole barn 30x40 with electricity on property. 1st floor laundry room. Hardwire smoke detector approved by Fire Marshall. Spacious and treed lot. Financials available upon request. SELLER WILLING TO PACKAGE TOGETHER WITH 221 ENGLE STREET, IMLAY CITY, MI LOCATION. PLEASE DO NOT ALLOW BUYER TO WALK THE PROPERTY DUE TO THE RESPECT FOR THE RESIDENTS AND THEIR PRIVACY. EVERY APPOINTMENT THROUGH LISTING AGENT. THIS IS AN ACTIVE RUNNING BUSINESS, DO NOT APPROACH THE STAFF OR RESIDENTS. THANK YOU! Current owner will operate until license are in place for new owner. SELLER WILLING TO PACKAGE TOGETHER WITH 221 ENGLE STREET, IMLAY CITY, MI LOCATION. Sheri Keljo-(248) 535-2204 skeljo@icloud.com

Assisted Living Home Imlay
$269,900
Assisted Living Home Imlay

Imlay City, MI

Great business opportunity with this fully functional assisted living home. Comes with all furnishings and equipment. Currently licensed for 5 residents, could possibly be changed to six with minor constructional changes. Located in a nice neighborhood in close proximity to town. Small barn style shed for storage on site. Large deck attached to the back of the home. Furnace is one year old, roof is approximately 8 years old. Hard wire smoke detectors Fire Marshall approved. Spacious and treed lot. Financials available upon request. SELLER WILLING TO PACKAGE TOGETHER WITH 140 LARSON Rd, ATTICA, MI LOCATION. PLEASE DO NOT ALLOW BUYER TO WALK THE PROPERTY DUE TO THE RESPECT FOR THE RESIDENTS AND THEIR PRIVACY. EVERY APPOINTMENT THROUGH LISTING AGENT. THIS IS AN ACTIVE RUNNING BUSINESS, DO NOT APPROACH THE STAFF OR RESIDENTS. THANK YOU! Current owner will operate until license are in place for new owner. SELLER WILLING TO PACKAGE TOGETHER WITH 140 LARSON Rd, ATTICA, MI LOCATION. Sheri Keljo-(248) 535-2204 skeljo@icloud.com

AFC Home
$75,000Cash Flow: $70,773
AFC Home

Detroit, MI

This is a great opportunity to own a well-established, high profitable AFC Home in Detroit! Established in 2002, this home is located in the U of D Mercy demographics and has always been occupied with residents. There are 6 bedrooms (1 semi / 5 private) with possible 7th bedroom. Contracted thru CareLink! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding a website, community living services and drop-ins for day services, you have HUGE potential. All appliances & furniture stay in the sale. A must see/must have business that will not last long! Seller will entertain all reasonable offers! Call Armen Nazarian @ 248-231-7714 or visit www.armennazarian.com

Assisted Living Home Care
$625,000
Assisted Living Home Care

Oakland County, MI

We are pleased to present a 9-bed, community-based adult living facility located in Oakland County, MI. Each furnished room are available as private or semi-private. This facility is trained and qualified in all aging concerns including Alzheimer's and Dementia. Residences enjoy the outdoor living space, daily activities, laundry and housekeeping services, and more. This home facility sits on 3.26 acres of land which provides a peaceful, country setting for seniors who seek assistance. Well-manicured property with high pride of ownership. The large lot size provides future expansion and growth opportunities. Private pay. Residents pay approx. $2900 per month. A must see! Don’t miss out. Priced to sell. Make an appointment today to tour and purchase this great business opportunity.

North Oakland County Assisted Living Portfolio of (6)Homes
$1,582,800
North Oakland County Assisted Living Portfolio of (6)Homes

Oakland County, MI

This is a great opportunity to own a portfolio of six well established Adult Care Living Facilities. Four of the six facilities are in Genesee County. The other two of six facilities are in Oakland County. These six group home facilities provide 24 hours around the clock 7 days a week care for residents with hygiene, dispensing medications, cleaning and with preparation of meals. Each facility provides service according to patient’s level of care. Each facility services vary between patient and location. Services provides as follows: Physically Handicapped, Developmentally Disabled, Mentally Ill, Traumatically Brain Injured and the Aged. This business has great cash flow and is a must see turn key business. The owner will stay on and train new owner.

Set of (2) Assisted Living Homes Group (C)
$1,099,000
Set of (2) Assisted Living Homes Group (C)

Oakland County, MI

This is a great opportunity to own a set of 2 well-established Adult Foster Care Living Facilities located in Oakland County. The 3,048 SQ FT facility has 12 beds and residents and the 4,619 SQ FT facility has 20 beds and residents. These are community group homes that provides 24 hours around the clock 7 days a week care for these residents with hygiene, dispensing medications, cleaning and preparation of meals. The 20-bed location has 2 full time employees and 3-part time employees. The 12-bed location has 2 full time employees. The 12-bed location serves for the Developmentally Disabled and Mentally Ill. The 20-bed location serves the following: Developmentally Disabled, Mentally Ill, Traumatically Brain Injured and the Aged. Patients need minimal care. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Set of (2) Assisted Living Homes Group (B)
$200,000
Set of (2) Assisted Living Homes Group (B)

Davison, MI

This is a great opportunity to own a set of 2 well-established Adult Foster Care Living Facilities located in Genesee County. Both facilities have 6 beds and 6 residents each. These are community group homes that provides 24 hours around the clock 7 days a week care for these residents with hygiene, dispensing medications, cleaning and preparation of meals. Each location has 2 full time employees and 3-part time employees. Both locations serve the following: Physically Handicapped, Developmentally Disabled and the Mentally Ill. Life and Times serves the Aged in addition. Patients need minimal care. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Set of (2) Assisted Living Homes Group (A)
$283,800
Set of (2) Assisted Living Homes Group (A)

Flint, MI

This is a great opportunity to own a set of 2 well-established Adult Foster Care Living Facilities located in Genesee County. One facility has 15 beds and 15 residents and the other facility has 6 beds and 6 residents. These are community group homes that provides 24 hours around the clock 7 days a week care for these residents with hygiene, dispensing medications, cleaning and preparation of meals. Each location has 3 full time employees and 1-part time employee. Both locations serve the following: Physically Handicapped, Developmentally Disabled, Mentally Ill and the Aged. Patients need minimal care. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Assisted Living Home #6 of 6
$300,000
Assisted Living Home #6 of 6

Ortonville, MI

This is a great opportunity to own a well-established Adult Foster Care Living Facility located in Oakland County. This facility has 12 beds and residents. This is a community group home that provides 24 hours around the clock 7 days a week care for 12 residents with hygiene, dispenses medications, cleans and prepare meals. This location serves for the Developmentally Disabled and Mentally Ill. Patients need minimal care. This is one of 2 facilities that is being offered to purchase as a package or single. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Assisted Living Home #5 of 6
$799,000
Assisted Living Home #5 of 6

Oxford, MI

This is a great opportunity to own a well-established Adult Foster Care Living Facility located in Oakland County. This facility has 20 beds and residents. This is a community group home that provides 24 hours around the clock 7 days a week care for 20 residents with hygiene, dispenses medications, cleans and prepares meals. This location serves for the following: Developmentally Disabled, Mentally Ill, Traumatically Brain Injured and the Aged. Patients need minimal care. This is one of 2 facilities that is being offered to purchase as a package or single. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Assisted Living Home #2 of 6
$64,800
Assisted Living Home #2 of 6

Flint, MI

This is a great opportunity to own a well-established Adult Foster Care Living Facility located in Genesee County. This facility has 6 beds and 6 residents. This is a community group home that provides 24 hours around the clock 7 days a week care for 6 residents with hygiene, dispenses medications, cleans and prepares meals. This location serves for the following: Physically Handicapped, Developmentally Disabled, Mentally Ill and the Aged. Patients need minimal care. This is one of 2 facilities that is being offered to purchase as a package or single. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Assisted Living Home #1 of 6
$219,000
Assisted Living Home #1 of 6

Flint, MI

This is a great opportunity to own a well-established Adult Foster Care Living Facility located in Genesee County. This facility has 15 beds and 15 residents. This is a community group home that provides 24 hours around the clock 7 days a week care for 15 residents with hygiene, dispenses medications, cleans and prepares meals. This location serves the following: Physically Handicapped, Developmentally Disabled, Mentally Ill and the Aged. Patients need minimal care. This is one of 2 facilities that is being offered to purchase as a package or single. This business has great cash flow and is a must see turn key business. Owner will stay on and train new owner.

Price Reduced Assisted Living Potential Facilities
$2,000,000
Price Reduced Assisted Living Potential Facilities

Bad Axe, MI

Located in Bad Axe, Huron County, Michigan 1 1/2 hours North of Detroit. Call for Brochures or go to mikekellyassociates.com for more information


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