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$700,000
21207 Parker St, Farmington Hills, MI 48336
0 Beds
0 Baths
2,606 SqFt

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Great opportunity. PROFITABLE ($18K/month), high-demand business and real estate for sale. Home is at full capacity with 6 residents. Monthly residency is currently ranging between $6000 and $7000 per month, per resident. Excellent margins. Owners have invested over $200,000 in recent renovations. Quiet and spacious exterior setting. Large parking area, 10-15 spaces. Bright, cheery interior features an abundance of newly installed windows. The interior structure is segregated effectively with residents on one side of house and a private living quarters on the other. See Docs for Profit and Loss Statement, Currently 5 fully-trained W2 employees. Business is licensed with the state of Michigan. Showings are by APPOINTMENT ONLY.
  • Price:
  • $700,000
  • Square Footage:
  • 2,606
  • Acreage:
  • 0.34
  • Year Built:
  • 1928
  • Listing ID #:
  • 2220029485
  • Street Address:
  • 21207 Parker St
  • City:
  • Farmington Hills
  • State:
  • Michigan
  • Postal Code:
  • 48336
  • County:
  • Oakland
  • Community:
  • Farmington Hills
  • Subdivision:
  • Krave's Grand River Heights
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
School District: Clarenceville
  • Foundation:
  • Crawl
  • Foundation Material:
  • Poured
  • Has Handicap Features:
  • Accessible Approach With Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Washer/Dryer, Central Living Area, Common Area, Visitable
  • Main Level Square Footage:
  • 2606
  • Number Of 1 Bedroom Units:
  • 6
  • Number Of Units:
  • 7
  • Rent Includes:
  • Heat, Cable Tv, Electric, Int Maint W/Deduct, Internet, Water/Sewer, Snow Removal, Trash Collection (garbage Pickup), Water, Yard Maintenance
  • Siding:
  • Stucco
  • Stories:
  • 1 Story
  • Total Building Square Footage:
  • 2606
  • Type Of Roof:
  • Asphalt
  • Year Built:
  • 1928
  • Year Renovated:
  • 2021
  • Business Type:
  • Residential
  • Net Operating Income:
  • 119187.00
  • Operating Expense:
  • 333813.00
  • Conforms To Zoning:
  • Residential
  • Existing Land Use:
  • Adult Foster Care Group Home
  • Road Frontage:
  • 107
  • Road Frontage Type:
  • Paved
  • Days On Market:
  • 285
  • Financing Options:
  • Cash, Conventional
  • For Sale Or Lease?:
  • Sale
  • Summer Tax:
  • 5106.0000
  • Winter Tax:
  • 391.0000
  • Existing Water:
  • Public (municipal)
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Public Sewer (sewer-Sanitary)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • FARMHILL

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