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    FOR SALE
    Assisted living facilities

    8155 Blackman Rd Kingsley, MI 49649

    5,800 SF Built 1989
    Property ID
    US43-2353617
    8155 Blackman Rd, Kingsley, MI 49649 For Sale 1 / 64
    $725,000 5,800 SF
    8155 Blackman Rd, Kingsley, MI 49649
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    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a licensed AFC property on 10 private acres in the heart of Northern Michigan. Currently operating as a live in adult foster care home with 6 bed capacity, this expansive property offers flexibility for care operators, assisted living entrepreneurs, transitional ho ... using, recovery housing, group living, possibly even a duplex or other permitted special use operations. This property features a whole house Kohler generator, 2 independent septic systems, 2 separate 200 amp electric service, forced air and hot water heat, 10 bedrooms, 4 full baths and 4 half baths. The main floor is wheel chair accessible and the lower level is currently used as the owners living quarters. With 3 living rooms, a large kitchen/dining set up, 2 laundry rooms, attached 2 car garage and an impressive pole barn for storage of maintenance equipment, space will not be an issue. The acreage provides privacy, outdoor recreation opportunities and room for future expansion or additional amenities (subject to township approval). Don't miss out on all the potential tax write offs a live in business has to offer. Current owners are preparing to retire, creating an opportunity for a new operator or investor to reposition and maximize the property's full potential. Convenient access to Traverse City, Cadillac and surrounding Northern Michigan communities. Please visit Countryside Senior AFC web page at countryside6.com Scheduled showings only; No drop-ins please! Listing agent is related to sellers.

    Property profile
    Verified
    Property type Assisted living facilities
    Year built 1989
    Total area 5,800 SF
    UPID US43-2353617
    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
    Current use
    Occupant on record · Public records
    • Lindsay’s CountrySide Senior AFC, LLC Nursing Home Retirement Community
    • Lindsay's Countryside Senior AFC Home Health Care Service
    2 occupants on record
    Value estimations
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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