1141 Corinth Road
- High 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
- Potential Owner Financing for Qualified Buyers with significant down payment
Property 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). High Occupancy 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,100,000 |
| No. of Units: | 15 |
| Year Built: | 1996 |
| Lot Size: | 5.11 Acres |
| Opportunity Zone: | No |
| Price per unit: | $140,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
579 Trout Run Road
Mountain City, Tennessee
824 Summit Street
Walnut Cove, North Carolina
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout