$684,058
$900,000
24.0%For more information regarding the value of a property, please contact us for a free consultation.
20800 E CHIGWIDDEN Street Northville, MI 48167
2,216 SqFt
Key Details
Sold Price $684,058
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,216 sqft
Price per Sqft $308
Subdivision Northville Estates
MLS Listing ID 20230050738
Sold Date 10/13/23
Originating Board Realcomp II Ltd
Year Built 1956
Annual Tax Amount $8,464
Lot Size 0.610 Acres
Acres 0.61
Lot Dimensions 144.00 x 184.00
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 Northville (Oakland County)
Zoning Residential
Direction West on 8 Mile, north on Lanthorn Lane, turn right onto E Chigwidden Street.
Interior
Heating Baseboard
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Asphalt
Road Frontage Paved
Building
Foundation Crawl
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 1 Story
Structure Type Aluminum,Brick
Schools
School District Northville
Others
Tax ID 2233376013
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash
Rebuilt Year 2020
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service
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Bought with Findlay Investments, LLC