Farmington Hills, MI 48335,22208 WINGATE

$630,958

$700,000

9.9%
Est.Price: ?

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Est. payment /mo

2,037 SqFt


SOLD DATE : 10/13/2023

Key Details

Sold Price $630,958

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 2,037 sqft

Price per Sqft $309

Subdivision Green Hill Commons

MLS Listing ID 20230050786

Sold Date 10/13/23

Originating Board Realcomp II Ltd

Year Built 1977

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

Zoning Residential

Direction Halstead Rd south, east on 9 Mile Rd, south on Parkland St, left onto Wingate Court.

Interior

Heating Forced Air

Heat Source Natural Gas

Exterior

Roof Type Asphalt

Road Frontage Paved, Cul-De-Sac

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Level or Stories 1 Story

Structure Type Brick

Schools

School District Farmington

Others

Tax ID 2332202003

Ownership Short Sale - No,Private Owned

Assessment Amount $64

Acceptable Financing Cash

Rebuilt Year 2021

Listing Terms Cash

Financing Cash

Special Listing Condition Full Service

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Realcomp MLS
Listed by Whitney Findlay of Findlay Investments, LLC
Bought with Findlay Investments, LLC
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