Arcadia Twp, MI 48412,5845 LUM Road

$535,000

Est. payment /mo

$575,000

7.0%
Est.Price: ?

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5845 LUM Road Arcadia Twp, MI 48412

4,800 SqFt

SOLD DATE : 09/29/2021

Key Details

Sold Price $535,000

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Sold

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $111

MLS Listing ID 2210049965

Year Built 1992

Annual Tax Amount $3,181

Lot Size 9.870 Acres

Property Description

Income producing property! This large ranch home sits on 10 acres that are SO BBEAUTIFUL it has been named Angelic Gardens. 8 bedrooms and 5 bathrooms are spread out over 4800 sf of usable living space that is currently a licensed Adult Care Facility. The facility is currently making $20K a month income. The main floor has 5 bedrooms and 3 baths! There is a separate 2 bedroom/1 bath apartment with private entrance for staff or owners to live in along with another 1 bedroom/1 bed apartment for higher functioning residents to rent. This is a well run business that's been licensed for almost 20 years. The sellers will transfer the property as is for anyone wanting to revert the property BACK to residential use only or will transfer the tenants and business. Property only = $525,000. Property + Business = $575,000. This is a great opportunity to own a beautiful piece of property that pays for itself.

Location

State MI

County Lapeer

Area Arcadia Twp

Zoning Agricultural,Residential

Interior

Hot Water Natural Gas

Heating Forced Air

Exterior

Utilities Available 220V Available

Waterfront Description Pond

Roof Type Asphalt

Building

Foundation Basement

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Vinyl

Schools

School District Imlay City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Full Service

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Realcomp MLS
Listed by Robert Condie of MBA Real Estate Services
Bought with Deising Real Estate Services
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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