Three-Property Adult Foster Care
1690 N Center Road, Saginaw, MI 48638
Package acquisition of three licensed adult foster care homes with real estate and operating business included.
Type:Business for Sale, Land, Multifamily
Property size:
4,130 SFPrice / SF:
$89/SF- Added:
- Jun 14, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 3:21 am
Property Features for 1690 N Center Road
General Information
- Standard status
- Active
- Size
- 4,130 SF
- Property subtype
- Business for Sale, Land, Multifamily
Building Details
- Year Built
- 1953
Listing agent Mahmoud Gasama
Listing office EXP Realty Main
Listing date Jun 14, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty Main
HighLights
- Package acquisition of three operating Adult Foster Care facilities in Saginaw County, MI
- Total of approximately 23–24 licensed beds across the three facilities
- Approximately 9,570 sq ft of improved real estate included in the portfolio sale
- Sale includes both the real estate and the operating business (portfolio sale only)
- Facilities are configured for residential care use with established operational systems and infrastructure
- Seller prefers all facilities sold together in a single transaction; MLS listed as #20261044596, #20261044006, and #20261044002
Overview
The offering is a confidential package acquisition of three operating Adult Foster Care (AFC) facilities, included with the operating business and associated real estate. The portfolio is described as totaling approximately 23–24 licensed beds across the three facilities and includes approximately 9,570 square feet of improved real estate. The facilities are currently configured for residential care use and are supported by established operational systems and infrastructure, with shared staffing and administrative support designed to streamline day-to-day operations.
The transaction is structured as a single portfolio sale preferred by the seller, rather than separate property transactions. The materials indicate the facilities are located in Saginaw County, Michigan. For qualified purchasers, financial information, licensing documentation, occupancy details, and operational information are made available following execution of a confidentiality agreement and proof of financial capability.
This package is intended for qualified operators and investors seeking an entry point or expansion within Michigan residential care, including existing Adult Foster Care providers, assisted living operators, behavioral health organizations, and healthcare entrepreneurs. Sale includes both real estate and the operating business, and the seller’s preference is to sell all facilities together. All inquiries and showings must be coordinated through the listing broker, and the public remarks direct that staff, residents, caregivers, and management should not be contacted.
The transaction is structured as a single portfolio sale preferred by the seller, rather than separate property transactions. The materials indicate the facilities are located in Saginaw County, Michigan. For qualified purchasers, financial information, licensing documentation, occupancy details, and operational information are made available following execution of a confidentiality agreement and proof of financial capability.
This package is intended for qualified operators and investors seeking an entry point or expansion within Michigan residential care, including existing Adult Foster Care providers, assisted living operators, behavioral health organizations, and healthcare entrepreneurs. Sale includes both real estate and the operating business, and the seller’s preference is to sell all facilities together. All inquiries and showings must be coordinated through the listing broker, and the public remarks direct that staff, residents, caregivers, and management should not be contacted.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $10.68 |
| − Vacancy | −$1.9k | −$0.45 |
| EGI | $42.3k | $10.23 |
| − OpEx | −$19.0k | −$4.60 |
| NOI | $23.2k | $5.63 |
4,130 SF · lease $10.68/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$332.0K
$290.5K – $387.4K
NOI $23,241 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$763.0K
$667.7K – $890.2K
NOI $53,413 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar Places Nearby
- Edgewood Assisted Living Center — 4850 Gratiot Rd, Saginaw, MI 48603
- Dorothy houlihan/ edgewood afc — 4850 Gratiot Rd, Saginaw, MI 48638
Location Insight
- Map
- Local Demand
- City
- Saginaw
- County
- Saginaw
- State
- Michigan
- Longitude
- -84.01399
- Latitude
- 43.432705
Nearby Similar for Sale
FAQs
What type of property is this?
Assisted living facility - Package acquisition of three licensed adult foster care homes with real estate and operating business included.
Where is this assisted living facility located?
The property is located at 1690 N Center Road Saginaw, MI.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Package acquisition of three operating Adult Foster Care facilities in Saginaw County, MI; Total of approximately 23–24 licensed beds across the three facilities; Approximately 9,570 sq ft of improved real estate included in the portfolio sale
