Property profile

46175 Sterritt St Utica, MI 48317

OFF-MARKET
Retirement homes
Property ID
US43-0331982
2,203 SF Built 1972
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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

Location

46175 Sterritt St Utica, MI 48317
Utica metro
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Value estimations

Realmo proprietary · 4 methods
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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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