1835 Murner Road, Gaylord, MI

Others for Sale - $320,000


Agent Info

Michael Heath
Coldwell Banker Schmidt Realtors

Property Info

CIMLS#1158222
Location
  1835 Murner Road
  Gaylord MI 49735
UpdatedApril 27th, 2024
TypeOthers
Price$320,000

Property Description

Assisted living home for sale. Located on a primary county road in a quiet area yet less than 2 miles from Gaylord's Main St. There's a park across the street. 2568 sqft 1-story ranch. It's handicap accessible, 2.5 stall attached garage. 4 Bedrooms, 2 full bathrooms, office, & a big living & dining area. Fenced-in backyard along with about 3.5 acres of forest on this 5 acre parcel. Licensed for up to six residents, type is adult foster care, more info on license in photo set. State subsidized rent, current tenant has had a lease on this property that pre-dates seller's purchase in 1991. New Lease agreement starts 10/1/2024 at $1701.53/mo. increasing every year. Current rent is $1651.98/mo. Possession: Tenants' Rights through 9/30/2028 (end of lease agreement).


Financials


Similar Listings