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351 S Bay Mid County Line Rd - K And K Quality Care

5,568 SF Health Care Building Offered at $789,900 in Midland, MI 48642

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INVESTMENT HIGHLIGHTS

Features 13 bedrooms and 4 bathrooms, providing ample space for residents.
Generates a gross monthly income of $37,087 with additional rooms available for rent.

Equipped with handicap ramps and oversized decks for easy access and outdoor enjoyment.

EXECUTIVE SUMMARY

351 S Bay Mid County Line Rd, Midland, MI 48642 is an exceptional assisted living home nestled in a serene country setting. This property features 13 bedrooms and 4 bathrooms, offering a spacious and comfortable environment for residents. The home boasts abundant natural light, large windows, and an open design that encourages social interaction and relaxation. With multiple spacious living rooms, handicap ramps for accessibility, and oversized decks for outdoor enjoyment, this property provides a warm and inviting atmosphere. The expansive common areas are thoughtfully designed to support a high quality of life for its residents. Currently generating a gross monthly income around $40,000 with additional rooms available for rent, this property presents a lucrative investment opportunity

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Price	$789,900	Building Class	C
Price Per Bed	$43,883	Lot Size	3.00 AC
Sale Type	Investment or Owner User	Building Size	5,568 SF
Sale Condition	Business Value Included	No. Beds	18
Property Type	Health Care	No. Stories	1
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing	Year Built/Renovated	1970/2012

Price	$789,900
Price Per Bed	$43,883
Sale Type	Investment or Owner User
Sale Condition	Business Value Included
Property Type	Health Care
Property Subtype	Assisted Living Healthcare Congregate SeniorHousing
Building Class	C
Lot Size	3.00 AC
Building Size	5,568 SF
No. Beds	18
No. Stories	1
Year Built/Renovated	1970/2012

AMENITIES

Wheelchair Accessible

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ABOUT 351 S BAY MID COUNTY LINE RD , MIDLAND, MI 48642

Welcome to this exceptional assisted living home, where comfort and natural beauty converge. Nestled in a serene country setting, this property boasts abundant daylight, with large windows and an open design that maximizes natural light throughout the day. The expansive common areas are thoughtfully designed to encourage social interaction and relaxation, featuring multiple spacious living rooms that offer flexibility and comfort. Accessibility is a key feature, with handicap ramps ensuring ease of movement throughout the home. Enjoy the outdoors on oversized decks, perfect for relaxing or entertaining in a peaceful, picturesque environment. This home provides a warm, inviting atmosphere that supports a high quality of life for its residents. Experience the ideal blend of functionality and tranquility in this beautifully appointed assisted living property. Gross monthly income is around $40,000 with current occupancy. Additional rooms/beds available for rent.

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