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828 CHERRY AVEActive

Royal Oak, MI 48073-3988

0

525000-100.0%

-1Bed

-1Bath

2570SqFt


UPDATED

 

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,570 sqft

Price per Sqft $204

Lot Size 10,890 Sqft

Year Built 1943

MLS Listing ID 40111312

Financing Cash,Conventional

Subdivision Mi

Property Description

THIS IS A GREAT OPPORTUNITY TO OWN ASSISTED LIVING BUSINESS IN A GREAT AREA OF ROYAL OAK. THIS HOME OFFERS 8 BEDS TO BE USED FOR ASSISTED LIVING OR HOSPICE. ALL SET UP WITH FURNISHINGS, APPLIANCES, AND STRUCTURES MEETING REGULATIONS. INCOME POTENTIAL IS $28,000 TO $35,000 PER MONTH. THE BUSINESS IS OVER 40 YEARS OLD AND HAS A GREAT REPUTATION KNOWN AS THE "CHERRY OAK INN". IN ADDITION TO USING THE EXISTING WEB SITE, THE OWNER IS WILLING TO HELP TRAIN AND GUIDE THE NEW OWNERSHIP. HOME MAY ALSO BE PURCHASED AS A RESIDENCE. THIS HOME HAS 6 BEDROOMS AND 4 FULL BATHS.

Location

State MI

County Oakland

Area Royal Oak (63251)

Zoning Residential

Interior

Heating Forced Air

Cooling Central A/C

Exterior

Waterfront No

Roof Type Asphalt

Building

Foundation Basement

Lot Dimensions 56.00X126.00

Water Public Water

Structure Type Brick,Vinyl Siding

Others

Tax Amount $5,327

Ownership Private

Energy Description Natural Gas

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PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Janet Hull Real Estate One

    Janet Hull

    Realtor | License ID: 6501325976

    8555263886

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