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    Specialty properties

    1493 Cochran Rd, Charlotte, MI 48813

    2,200 SF 1.4 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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