46175 Sterritt St, Utica, MI 48317
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.
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
Similar Nearby for Sale
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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.