Gaylord Michigan Real Estate
Gaylord Michigan | 989.731.6500 | CONTACT US
Price $320,000
MLS # 201828940
Road: Blacktop,Paved
Construction: Frame
Zoning: R-1
TTL Sq Ft: 2578.00
Type: Business Op
Sewer Septic
Remarks
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).
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