Kent County, MI Assisted Living and Nursing Homes For Sale

Assisted Living and Nursing HomesMichiganKent

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Kent County 12 Bed Adult Foster CareTurn Key, Kent County 12 Bed AFC With Approval For 15 Beds!
$625,000Cash Flow: $116,172Seller Financing
Kent County 12 Bed Adult Foster CareTurn Key, Kent County 12 Bed AFC With Approval For 15 Beds!

Kent County, MI

Turn Key Operation - Some Seller Financing Available Licensed and operating 12 bed AFC in Kent County. Has already received city approval to expand to 15 beds. This AFC is a great opportunity for an investor or someone looking to expand their current AFC portfolio. Manager has a copyrighted operational program that allows 12 - 1 staffing ratio. The home is fully staffed and requires no owner involvement. Cash Flow through October 2018 $96,810. 3,500 sq ft. 8 bedrooms, 3 1/2 baths.

State Licensed Adult Family Home
$249,995Cash Flow: $117,735
State Licensed Adult Family Home

Kent County, MI

Adult foster home licensed for 6 beds. This facility is 3 bedrooms with 6 beds, currently fully occupied by 6 adult males. Specialized license to work with special needs is needed. Current owner is willing to stay as long as needed to help make a smooth transition for both clients and new owners.

Two 20-Bed Assisted Living Facilities
$1,500,000Cash Flow: $202,973
Two 20-Bed Assisted Living Facilities

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


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