Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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