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9719987
29220696

1141 Corinth Rd, Newnan, GA 30263

EA
GA 356482, SC 93244
Bull Realty
Listed by Bull Realty
$2,100,000
1247 days on market
Updated 46 days ago

High Occupancy Personal Care Home | 15 Units

Details
APN 076 2074 023
Property Type Senior Living
Square Footage 5,574
Units 15
Cap Rate 10.95%
NOI $230,000
Occupancy 90%
Price per SqFt $377
Price Per Acre $43,560
Broker Co-Op No
Year Built 1996
Stories 1
Acreage 5.110
Zoning RC
Investment Type Stabilized

High Occupancy Personal Care Home | 15 Units with Room to Grow

Marketing 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.

DISABILITY STATISTICS AGE 75+ IN NEWNAN

• Cognitive Difficulty (e.g., Alzheimer’s) – 37.5%

• Ambulatory Difficulty – 45.7%

• Self-Care – 34.5%

• Independent Living Difficulty – 62.2%

PROPERTY 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

Listing Contacts

EA
GA 356482, SC 93244
Bull Realty
Listed by Bull Realty

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$230,000.00
$19,166.67/mo

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DSCR
10.95%
Cap Rate
10.95%
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