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21207 Parker Street

Farmington Hills, MI 48336
  • $1,200,000
  • STATUS: Active
  • ON SITE: 160 Days
  • ID#: 2220029485
UPDATED: 65 min ago
$1,200,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,606
    SQFT
  • $460
    $/SQFT
Type:
Commercial
Built:
1928
County:
Zoning:
Residential
Lot Size Dimensions:
107.00X140.00

School Ratings & Info

School District:

Description

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.

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IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-10-02T22:56:38.56.
www.nexushomesearch.com/homes/128042118
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21207 Parker Street Farmington Hills, MI 48336

  • Price: $1,200,000
  • Status: Active
  • On Site: 160 Days
  • Updated: 65 min ago
  • ID#: 2220029485
0
Beds
0
Baths
0
½ Baths
0.34
Acres
2,606
SQFT
$460
$/SQFT
1928
Built
Neighborhood:
KRAVE'S GRAND RIVER HEIGHTS
County:
Oakland
Area:
Farmington Hills
School District:
CLARENCEVILLE
Property Description
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.
Exterior Features

Architecture Level 1 Story Commercial Exterior Features Outside LightingSprinkler(S) Construction Materials Stucco Foundation Details Crawl Foundation Features Sump Pump Foundation Materials Poured Interstate YN No Lot Size Dimensions 107.00X140.00 Road Frontage Feet 107 Road Frontage Type Paved Roof Material Asphalt Waterfront YN No

Interior Features

Building Area Source Public Records Heating Cooling Forced AirCentral Air Heating Fuel Natural Gas Sq Ft Main 2606 Unit One Bed Number Of 6

Property Features

Accessibility Features Accessible Approach With RampAccessible BedroomAccessible Central Living AreaAccessible ClosetsAccessible Common AreaAccessible DoorsAccessible EntranceAccessible Full BathAccessible Hallway(S)Accessible KitchenAccessible Kitchen AppliancesAccessible Washer/DryerAdaptable Bathroom WallsCentral Living AreaCommon AreaCustomized Wheelchair AccessibleSafe Emergency Egress From HomeVisitableVisitor Bathroom Assessment 68.84 Business Type Residential Commercial Type Business And Real Estate Current Use Adult Foster Care Group Home Encroachment YN No Existing Lease YN Yes Gross Scheduled Income 453000.00 Inventory Included YN No Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Sales 37750 Net Operating Income 119187.00 Operating Expense 333813.00 Ownership Status Short Sale - NoPrivate Owned Percent Leased 100 Possession At Close Postal City Farmington Hills Protection Period 180 Rent Includes HeatCable TvElectricInt Maint W/DeductInternetWater/SewerSnow RemovalTrash Collection (Garbage Pickup)WaterYard Maintenance Restrictions YN Yes Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Tax Amount Summer 5106.0000 Tax Amount Winter 391.0000 Title Standard (Private) Total Tax 5497.0000 Unparsed Address 21207 Parker Street Water Source Public (Municipal) Year Remodeled 2021 Zoning Residential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Kw Showcase Realty: (248) 360-2900 and Realcomp, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Realcomp, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-10-02T22:56:38.56.
 
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