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$269,900 For Sale

221 Engle Street
Imlay City, MI 48444

5 units |
1,344 sq ft;
lot:15246 sq ft
Commercial: Commercial - MLS# 218027934
Property Photo

Description

Great business opportunity with this fully functional assisted living home. Comes with all furnishings and equipment. Currently licensed for 5 residents, could possibly be changed to six with minor constructional changes. Located in a nice neighborhood in close proximity to town. Small barn style shed for storage on site. Large deck attached to the back of the home. Furnace is one year old, roof is approximately 8 years old. Hard wire smoke detectors Fire Marshall approved. Spacious and treed lot. Financials available upon request. SELLER WILLING TO PACKAGE TOGETHER WITH 140 LARSON Rd, ATTICA, MI LOCATION.

Features

  • Architecture Level: 1 Story
  • Commercial Exterior Features: Outside Lighting
  • Commercial Type: Business And Real Estate, Commercial
  • Commercial Utilities: Cable TV, Smoke Alarm
  • Construction Materials: Vinyl
  • County/Area: Lapeer County
  • Distance To Interstate: 1
  • Foundation Details: Crawl
  • Foundation Materials: Block
  • Frontage Feet: 297
  • Gross Scheduled Income: 118800.00
  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Interstate YN: 1
  • Listing Financing: Cash, Conventional
  • Listing Status: Active
  • Lot Dimensions: 297 X 362
  • Lot Size: 0.3500
  • Monthly Sales: 9900
  • Net Operating Income: 8856.00
  • Operating Expense: 109944.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 100
  • Property Type: Commercial
  • Road Frontage Type: Paved
  • Roof Material: Asphalt
  • School District: Imlay City
  • Sewer: Sewer-Sanitary
  • Sq.Ft.: 1344
  • Sqft Main: 1344
  • Sqft Source: Appraisal
  • Sub Type: Commercial
  • Subdivision: City Of Imlay City RV Engle's Sub
  • Subdivision/Neighborhood: City Of Imlay City RV Engle's Sub
  • Unit One Bed Number Of: 1
  • Unit Two Bed Number Of: 2
  • Units: 5
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Year Built: 1981
  • Year Remodeled: 2016
  • Zip Code: 48444
  • Zoning: Residential

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Wilhelm & Associates Realtors
6485 Dixie Hwy.
Clarkston, MI 48346
(248) 625-9500

Wilhelm & Associates, Realtors is an Equal Opportunity Employer and supports the Fair Housing Act.

Wilhelm & Associates Realtors is the largest independent real estate company in Michigan. We dominate the real estate market in Oakland County. View Michigan homes for sale in Clarkston, Waterford, Birmingham, Bloomfield Twp., Commerce, White Lake, and many more. Visit any of our sources to find Michigan Real Estate including vacant land, waterfront homes, commercial real estate in Michigan and other residential Michigan homes for sale.