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.