Three-Property Adult Foster Care
For Sale
$369,900
1690 N Center Road, Saginaw, MI 48638
Package acquisition of three licensed adult foster care homes with real estate and operating business included.
Property Size4,130 SF
Price / SF$89.56
Days on Market138
Property Features for 1690 N Center Road
General Information
Standard status
Active
Size
4,130 SF
Property subtype
Commercial
Zoning
Multiple, Residential
Taxes and HOA fees
Annual Taxes
$8,717
Building Details
Building Size
4,130 SF
Year Built
1953
Listing Agency:
EXP Realty Main
Listed By:
Mahmoud Gasama · License #6501323359
(248) 207-6229
Source:
Alleyrealestatesales
Added: Jun 22
Changed: Nov 3
Last Checked: Nov 6 at 2:20AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,241
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
$464.8K
Cap Rate 7%
$332,014
$332.0K
Cap Rate 9%
$258,233
$258.2K
Market Conditions
NOI Build-Up for 4,130 SF
Gross rent
$44.1K $10.68/SF
− Vacancy
−$1.9K −$0.45/SF
EGI
$42.3K $10.23/SF
− OpEx
−$19.0K −$4.60/SF
NOI
$23.2K $5.63/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
Cap Rate 7%
$332,014
Cap Rate 9%
$258,233
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
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Similar Off Market Nearby
- Close to Home Assisted Living — 2160 N Center Rd, Saginaw, MI 48603
Frequently Asked Questions
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
