Three-Property Adult Foster Care
1690 N Center Road Saginaw, MI 48638
1690 N Center Road, Saginaw, MI, 48638
Contact for pricing
Package acquisition of three licensed adult foster care homes with real estate and operating business included.
Property Size4,130 SF
Price / SF$89.56
AddedJun 14
Days on Market32
Last RefreshJul 14 at 10:50 pm
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 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
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Edgewood Assisted Living Center — 4850 Gratiot Rd, Saginaw, MI 48603
- Dorothy houlihan/ edgewood afc — 4850 Gratiot Rd, Saginaw, MI 48638
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
