3965 Newt Dr - Senior Housing FOR SALE


Gaylord, MI 49735
$550,000 USD
989-858-5426
3965 Newt Dr, Gaylord, MI for Sale
$550,000 USD
Senior Housing - FOR SALE
1/24
null | Request Cap Rate

NEW


3965 Newt Dr
Gaylord, MI 49735


HIGHLIGHTS

  • Licensed for 6 Residence by the state of Michigan
  • 7.7 Acres Available for Expansion
  • Increased Profit Potential if Privately Funded

OVERVIEW

Fully operational and state-licensed 6-bed, 2-bath adult foster care (AFC) home on 7.7 acres in Otsego County. This 2,824 sq ft facility has a pristine 27-year compliance history with zero violations. Strong upside: private-pay residents can yield $3,000-$5,000/month per resident, depending on care level. The expansive parcel offers excellent development potential for additional AFC units or other healthcare-related assets. Ideal for investors seeking to enter or scale in the adult care sector. Owners retiring—creative financing available for qualified buyers.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3965 Newt Drive

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

ADD'L SUBTYPES

Assisted Living

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.7 AC

LAND SF

335,412 SF

ZONING

R-3

APN/PARCEL ID

061-230-000-017-03

ASK ABOUT THIS PROPERTY

Brian WallaceThe Team Real Estate GroupMore Info
989-858-5426

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Brian WallaceThe Team Real Estate GroupMore Info
989-858-5426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.