Property profile

1493 Cochran Rd Charlotte, MI 48813

OFF-MARKET
Specialty properties
2,200 SF 1.4 ac lot
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Property summary

AI-generated overview

This turnkey adult foster care facility in Charlotte, MI, presents a unique investment opportunity. Established for over three decades, this licensed 6-bed facility boasts a proven track record of compassionate care in a serene rural setting. The 2,200 square foot building sits on a 1.4-acre lot, zoned R1. All six beds are currently occupied. The facility provides comprehensive care, including all meals tailored to individual dietary needs (including special diets), ambulatory assistance, and a variety of on-site activities such as gardening, movie nights, and scheduled daily events. Convenient visitor parking is available. Housekeeping services are included. Transportation arrangements are offered for outings. The property's location offers a peaceful, rural atmosphere while maintaining proximity to essential amenities such as hospitals, churches, shopping centers, and restaurants. Financial details show an asking price of $399,950, with a price per square foot of $181.80. This represents a chance to acquire a well-established, profitable business with a strong reputation for quality care. The facility's commitment to resident well-being, coupled with its convenient location and comprehensive services, makes it an attractive option for both investors and those seeking to continue a legacy of compassionate care.

Property profile

Verified
Property type Specialty properties
Total area 2,200 SF
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1493 Cochran Rd Charlotte, MI 48813
Charlotte metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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