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1141 Corinth Rd - 90% + Occupied Personal Care Home 5,574 SF Health Care Building Offered at $2,928,219 CAD in Newnan, GA 30263
Investment Highlights
- 90% + Occupancy
- Includes both real estate and business
- Qualifies for SBA 504 Loan: 25-year term, 15% down payment, and 6.37% interest
- 15 Units licensed personal care home | Can double unit count by turning L-shaped building into U-shaped building.
- Zoned RC | 5.11 Acres also allows for an additional building
- Potential Yields: 52.3% IRR, 13.8% Cash on Cash return, and 1.37 DSCR
Executive Summary
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). 95% + occupancy. Below market rental rates.
The total demand is 132 Assisted Living units today growing to 164 in 2030 in the PMA, a 24.2% increase. There is a total of 108 units with within the 5-mile PMA with 0 planned new units. As the model indicates, the Unmet Demand for Assisted Living units in the Newnan PMA totals 24 units growing to 56 units in 2030, an 133.3 % increase. Demographics for Age 75+ within the 5-mile radius are as follows: Average Household Income is $91,942, average net worth is $764,839, and average housing values are $373,742.
Property qualifies for an SBA 504 Loan with a 25-year term, 15% down payment, and 5.955% interest. Or Potential 50% Owner Financing on First Position with Debt guarantee by Buyer, 10-year term with 25-year amortization at 5% interest with Balloon at end of term.
The total demand is 132 Assisted Living units today growing to 164 in 2030 in the PMA, a 24.2% increase. There is a total of 108 units with within the 5-mile PMA with 0 planned new units. As the model indicates, the Unmet Demand for Assisted Living units in the Newnan PMA totals 24 units growing to 56 units in 2030, an 133.3 % increase. Demographics for Age 75+ within the 5-mile radius are as follows: Average Household Income is $91,942, average net worth is $764,839, and average housing values are $373,742.
Property qualifies for an SBA 504 Loan with a 25-year term, 15% down payment, and 5.955% interest. Or Potential 50% Owner Financing on First Position with Debt guarantee by Buyer, 10-year term with 25-year amortization at 5% interest with Balloon at end of term.
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 076-2074-023 | Improvements Assessment | $303,237 CAD |
| Land Assessment | $48,500 CAD | Total Assessment | $351,737 CAD |
Property Taxes
Parcel Number
076-2074-023
Land Assessment
$48,500 CAD
Improvements Assessment
$303,237 CAD
Total Assessment
$351,737 CAD
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1141 Corinth Rd - 90% + Occupied Personal Care Home
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