1493 Cochran Rd, Charlotte, MI 48813
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.