100% Occupied Senior Housing Personal Care Home | 15 Units

1141 Corinth Road Newnan, GA 30263

1141 Corinth Road, Newnan, GA, 30263
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FOR SALE
Property Type:
Subsidized Housing
Amount:
$1,900,000
Last Verified:
Jan 06, 2022

Highlights

  • 100% Occupancy | Metro Atlanta is 74.6% Occupancy
  • 15 Units licensed personal care home
  • Includes both real estate and business
  • Fully furnished
  • 10-mile unmet demand is 36 units, growing to 135 units by 2026, 275% increase
  • 10-mile net worth at age 75+ is $910,804
  • 10-mile average home value is $274,022
  • 10-mile PMA average rents for assisted living is $5,124
  • Zoned RC

Description

Bull Realty is pleased to offer this 15-unit licensed Personal Care Home, including real estate and business, on 5.11 acres, with ability to add cottages, in Newnan, GA (Metro Atlanta). 100% occupancy. Below market rental rates.

The total demand is 322 Assisted Living units today growing to 421 in 2026 in the PMA, a 30.74 % increase. There is a total of 286 units with within the 10-mile PMA with 0 planned new units. As the model indicates, the Unmet Demand for Assisted Living units in the Newnan PMA totals 36 units growing to 135 units in 2026, an 275.0 % increase. Demographics for Age 75+ within the 10 mile radius are as follows: Average Household Income is $54,914, average net worth is $910,804, and average housing values are $274,022.

Newnan, GA

Building Size: 5574sq ft
Lot Size: 5.11 acres


Documents

Offering Memorandum

Map of 1141 Corinth Road, Newnan, GA, 30263

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