| PRICE : | $1,900,000 |
|---|---|
| PROPERTY TYPE: | Senior Housing |
| SITE SIZE: | 5.11 Acres |
| UNITS: | 15 |
| YEAR BUILT: | 1996 |
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.
