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Off market
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  • $803,200

    216 W Cox Rd, Frankfort, MI 49635

    13beds
    7,800sqft
    MultiFamily
    Built in 1982
    -- sqft lot
    $803,200 Zestimate®
    $103/sqft
    $1,535 Estimated rent

    Home value

    $803,200

    $659,000 - $972,000

    $1,535/mo

    Zestimate® history
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    Owner options

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    Rent Zestimate®

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    $4,669/mo

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    What's special

    INCOME PRODUCING - TURN KEY OPERATION. Comes with all fixtures & business, as well as 6 months of training/advisory with current owner. 9 rooms/6 bathrooms plus living quarters in lower level for owner/manager (3 BR/1 BA). Frankfort Senior Care is a well-established adult foster care that is nearly always full to capacity (licensed for 12 residents). It offers self-contained apartments, as well as private and semi-private rooms. Income is approximately 15-20K/month. There have been many updates/upgrades over the years and is inspected bi-annually by the Michigan DHS. In addition, there's an attached garage and a newer pole barn for storage and owner's "toys." Excellent location for residents as well as owners - close to Paul Oliver Hospital (a division of Munson), medical clinics, Lake Michigan, Sleeping Bear Dunes, golf, downtown Frankfort, and more. Live where you work and enjoy all Northern Michigan has to offer as well!!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Forced air, Propane / Butane, Wood / Pellet
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Carpet, Laminate, Linoleum / Vinyl
    • Basement: Finished
    Interior area
    • Total interior livable area: 7,800 sqft

    Property

    Features
    • Exterior features: Shingle, Vinyl
    • Has spa: Yes
    Lot
    • Size: 2.30 Acres
    Details
    • Parcel number: 0500129700

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Shake / Shingle
    Condition
    • Year built: 1982

    Community & neighborhood

    Community
    • Community features: Assisted Living Community
    Location
    • Region: Frankfort

    Price history

    DateEventPrice
    7/5/2018Listing removed$798,000$102/sqft
    Source: Real Estate One #1835233 Report a problem
    2/17/2018Pending sale$798,000$102/sqft
    Source: Real Estate One #1835233 Report a problem
    7/11/2017Listed for sale$798,000+204.6%$102/sqft
    Source: Real Estate One #1835233 Report a problem
    2/27/2003Sold$262,000$34/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$7,458 +2.7%$291,300 +18.7%
    2023$7,259 $245,400 +30.1%
    2022-- $188,600 -7%

    Find assessor info on the county website

    Neighborhood: 49635

    Nearby schools

    GreatSchools rating
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