For more information regarding the value of a property, please contact us for a free consultation.
828 CHERRY Avenue Royal Oak, MI 48073
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,570 sqft
Price per Sqft $155
Subdivision Forest Heights
MLS Listing ID 2200083203
Sold Date 04/28/21
Originating Board Realcomp II Ltd
Year Built 1943
Annual Tax Amount $5,327
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 56.00X126.00
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. LAND CONTRACT TERMS AVAILABLE.
Location
State MI
County Oakland
Area Royal Oak
Zoning Residential
Direction NORTH SIDE OF 12 MILE WEST OF CROOKS
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Exterior Feature Private Entry
Utilities Available Carbon Monoxide Alarm(s), Smoke Alarm
Roof Type Asphalt
Accessibility Standby Generator
Road Frontage Paved
Building
Foundation Basement
Sewer Sewer at Street
Water Public (Municipal)
Level or Stories 1 1/2 Story
Structure Type Brick,Vinyl
Schools
School District Royal Oak
Others
Tax ID 2509453011
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
Special Listing Condition Full Service
Read Less
©2024 Realcomp II Ltd. Shareholders
Bought with Real Living Kee Realty-Rochester
GET MORE INFORMATION