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Adult Foster Care Properties 3 Health Care Properties Offered at $949,000 in Saginaw, MI
Investment Highlights
- Three licensed care homes located within close proximity of Saginaw’s primary hospitals and healthcare networks.
- Property at 1690 N Center Rd includes amenity-rich layouts fostering an engaging lifestyle for residents.
- Opportunities for portfolio expansion or individual acquisition with proven track records in quality resident care.
- Existing facilities designed to serve specialized needs with 24-hour care capabilities and compliance with state regulations.
- Convenient access to major thoroughfares, neighborhood retail, and essential services enhances operational efficiency.
- Located in a stable demographic region supportive of long-term care demand and continuity of services.
Executive Summary
This portfolio offers an opportunity to acquire three established adult foster care homes located in the heart of Saginaw, Michigan. The properties collectively feature licensed operations serving aged, developmentally disabled, and physically handicapped residents, providing essential care in a welcoming and stable environment. Each property is strategically situated within proximity to medical centers, pharmacies, and community amenities, supporting seamless resident care and convenience.
1610 and 1624 Gratiot Avenue are positioned near major hospitals such as Covenant Medical Center and Ascension St. Mary’s, while 1690 N Center Road integrates vibrant neighborhood features with easy access to healthcare specialists and retail options. With standing licenses, capacity for multiple residents, and infrastructure that supports personalized care services, these homes present immediate operational continuity just steps from core Saginaw resources. This sale offers buyers a rare chance to step into Michigan’s growing adult foster care sector with properties that combine functionality, established community integration, and proximity advantages for future growth.
1610 and 1624 Gratiot Avenue are positioned near major hospitals such as Covenant Medical Center and Ascension St. Mary’s, while 1690 N Center Road integrates vibrant neighborhood features with easy access to healthcare specialists and retail options. With standing licenses, capacity for multiple residents, and infrastructure that supports personalized care services, these homes present immediate operational continuity just steps from core Saginaw resources. This sale offers buyers a rare chance to step into Michigan’s growing adult foster care sector with properties that combine functionality, established community integration, and proximity advantages for future growth.
Property Facts
| Price | $949,000 | Number of Properties | 3 |
| Price / SF | $87.22 / SF | Individually For Sale | 0 |
| Cap Rate | 16% | Total Building Size | 10,880 SF |
| Sale Type | Investment NNN | Total Land Area | 1.46 AC |
| Status | Active |
| Price | $949,000 |
| Price / SF | $87.22 / SF |
| Cap Rate | 16% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,880 SF |
| Total Land Area | 1.46 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1610 Gratiot Ave, Saginaw, MI 48602 | Health Care | 5,745 SF | 1908 | - |
| 1690 N Center Rd, Saginaw, MI 48638 | Health Care | 2,970 SF | 1953 | - |
| 1624 Gratiot Ave, Saginaw, MI 48602 | Health Care | 2,165 SF | 1924 | - |
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