- For sale
Colliers International is pleased to announce the exclusive listing of Elderly Solutions in Monroe. Michigan. Elderly Solutions is a 7,604 square foot, 12 unit senior housing community offering assisted living home. This private pay facility, built in 1995 is located in Monroe, Michigan, approximately half way between Detroit, Michigan and Toledo, Ohio. The property benefits from all brick construction, 2.41 acre parcel and close proximity to ProMedica Hospital and Mercy Memorial Hospital. The opportunity here is to take full advantage of the upside potential. The property is 100 percent occupied with a great upside potential such as accepting Medicare/Medicaid adding more beds to the existing building with very minimal expense. Additionally, the subject property can be expanded. There is ample acreage to construct a new wing to the assisted living facility. Available for below replacement cost, Elderly Solutions assisted living is a value-add opportunity for both new or experience senior housing investors.