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    OFF-MARKET
    Retirement homes

    46175 Sterritt St, Utica, MI 48317

    2,203 SF Built 1972
    Property ID
    US43-0331982
    Property summary
    AI-generated overview

    This exceptional 2,203 square foot group home, located at 46175 Sterritt St, Utica, MI 48317, presents a unique investment opportunity. Built in 1972 and extensively renovated in 2023, this single-story property boasts four bedrooms and two full bathrooms, all designed with accessibility in mind. Wheelchair accessibility is a key feature, encompassing bedrooms, bathrooms, and living areas, ensuring comfortable living for all residents. The property is zoned RES and has undergone a complete city inspection, ensuring compliance with all regulations. Currently operating as a group home, it's licensed to accommodate up to six residents, with a mix of private and semi-private rooms. The asking price is $345,000. This turnkey operation offers immediate income potential and a strong foundation for continued success in the growing senior living market. The property's 2,203 square feet of air rights provide potential for future expansion or development. This is a rare opportunity to acquire a well-maintained, compliant, and profitable group home in a desirable Michigan location. Serious inquiries only.

    Property profile
    Verified
    Property type Retirement homes
    Year built 1972
    Total area 2,203 SF
    UPID US43-0331982
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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