Ann Arbor Assisted Living Portfolio

Multi-Family for Sale
Catylist Listing ID: 30794870
Property Subtypes: Senior Living
Number of Units: 24 Units
Building Size (RSF): 12,723 SF
Gross Building Area: See Agent
Gross Land Area: 3.47 Acres
Sale Price: See Agent
Property Use Type: Investment, Business
Building Name: Birchwood Assisted Living
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 4/25/2022

Overview / Comments

SVN | Stewart Commercial group is pleased to present for sale this income producing multi-unit business & real estate portfolio. Assisted Living, LLC Birchwood Properties offers four wonderful adult foster care homes: Birchwood Gardens, Birchwood Manor and Birchwood Living, located in Ann Arbor, MI and Birchwood Retreat, located in Chelsea, MI. Each home features six private resident rooms, equipped with large flat screen TV’s, WIFI, spacious closets, and views of the surrounding nature. The homes were built from the ground up with simplicity, accessibility, and comfort, allowing residents to feel at home with around the clock care.

The current owner is ready to present this state-licensed, fully staffed, turn-key operation with an experienced administrator in place. Currently only a few hours a week are spent in operation of the business. Can be run absentee. This building has been meticulously maintained and updated by its current owner, from mechanics to fixtures. All homes have video feeds for patient safety and security. Each home is equipped with on demand hot water heaters and updated plumbing. Each property is equipped with a whole house generator. Pride of ownership is evident throughout each home. The portfolio of homes may be purchased together or individually. You will not find an investment of this kind as modernized, updated, well-maintained, and located in a very affluent market.

Highlights:
Monthly rental rates of up to $8,000/bed
Whole portfolio 2021 NOI $589,679.00 (does not include 2022 increases)
Highly desirable locations with waiting lists in place
Turnkey business opportunity
All properties are located in a high value real estate market
Over 10 years operating history
Highly trained specialized staff in place
Large yards provide beautiful tranquil settings for residents to enjoy

Contact Julie McCaffrey or Peter Grace for more information at (734) 585-0995

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: H -08-27-300-009
Percent Occupied: 100%
Property Located Between: Ann Arbor and Chelsea, MI
Area Description: Birchwood Manor is in a residential area on the south side of Ann Arbor. It is conveniently located near University of Michigan Hospital and St. Joseph Mercy Hospital
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Other
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,907 27,958 93,461
Median Age: 41.07 37.93 35.57
Households: 1,112 11,429 37,630
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