101 Kirkpatrick Ave, Richmond Twp, MI

Others for Sale - $589,000 - 4,758 Sq. Ft.


Agent Info

Lisa Mongiat
CENTURY 21 Prime Realty

Property Info

CIMLS#1117320
Location
  101 Kirkpatrick Ave
  Richmond Twp MI 49871
UpdatedOctober 4th, 2022
TypeOthers
Price$589,000
Building4,758 Sq. Ft.

Property Description

Rare Opportunity! Let the business pay for your living expenses. A must check out. Business is set up, turn key and provides an easy flow of operation. This 6 bedroom group home is one side with separated large living quarters. The Marigold House is a beautiful state licensed private 12 bed Adult Foster Care Home. Clients are self-sufficient. It has been in existence for 44 years, but owned and operated for the last 34 years by a husband-wife team. In it's entire years of operation, a bed has rarely sat empty and the business does cash flow. This business comes turn key, which includes all furnishings and appliances with all 12 beds occupied. Currently 10 of these are state paid, providing guaranteed income, with 2 residents private pay, if all residents were private pay it drastically increases net income, as expenses would not go up. The state license approves the home for the Mentally Ill, Developmentally Disabled and the Aged Medium Group Home. It is the only private license left i


Financials


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