Three Adult Foster Care
N 1690 N Center Road Unit SourceFi Saginaw, MI 48638
N 1690 N Center Road Unit SourceFi, Saginaw, MI, 48638
$369,900
For Sale
$369,900
Confidential portfolio sale of three operating adult foster care facilities with shared staffing and included real estate and business.
Property Size4,130 SF
Price / SF$89.56
Days on Market40
Property Features for N 1690 N Center Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 4,130 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 19
Listing Agency
EXP Realty Main
(248) 207-6229
Listed by
Mahmoud Gasama
(248) 207-6229
Source
Xome
Added: Jun 12 Updated: Jul 18 at 3:37 am Checked: Jul 20 at 1:45 am
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
Investment Insights
Based on property information with market context.
Confidential assisted living and healthcare portfolio sale consisting of three operating Adult Foster Care facilities offered together in a single transaction. The offering includes approximately 23–24 licensed beds across the three facilities and approximately 9,570 square feet of improved real estate. The facilities are configured for residential care use and are supported by shared staffing and administrative infrastructure intended to improve operational efficiencies.
The portfolio is located in Saginaw County, Michigan. The sale includes both the real estate and the operating business. Financial information, licensing documentation, occupancy details, and operational information are available to qualified purchasers after execution of a confidentiality agreement and proof of financial capability. Seller preference is to sell all facilities together; do not contact staff, residents, caregivers, or management, and all showings and inquiries must be coordinated through the listing broker.
The portfolio is located in Saginaw County, Michigan. The sale includes both the real estate and the operating business. Financial information, licensing documentation, occupancy details, and operational information are available to qualified purchasers after execution of a confidentiality agreement and proof of financial capability. Seller preference is to sell all facilities together; do not contact staff, residents, caregivers, or management, and all showings and inquiries must be coordinated through the listing broker.
Key Highlights
- Portfolio sale includes three operating Adult Foster Care facilities in Saginaw County, Michigan (sale only; all facilities together).
- Total of approximately 23–24 licensed beds across the three facilities.
- Approximately 9,570 sq ft of improved real estate included with the operating business.
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.
Property Analytics
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Close to Home Assisted Living — 2160 N Center Rd, Saginaw, MI 48603
FAQs
What type of property is this?
Assisted living facility - Confidential portfolio sale of three operating adult foster care facilities with shared staffing and included real estate and business.
Where is this assisted living facility located?
The property is located at N 1690 N Center Road Unit SourceFi 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: Portfolio sale includes three operating Adult Foster Care facilities in Saginaw County, Michigan (sale only; all facilities together).; Total of approximately 23–24 licensed beds across the three facilities.; Approximately 9,570 sq ft of improved real estate included with the operating business.
