Bull Realty is pleased to offer this ± 10,820 SF licensed Personal Care Home that was recently renovated in 2024. POTENTIAL CONVERSION TO A DRUG TREATMENT FACILITY. High demographics area. This offer includes real estate and business, comprised of 25 units on ± 0.82 acres off Buford Highway in Norcross, GA, 30 miles from the Atlanta Airport. The facility is equipped with a security system that includes electronic gate locks and video cameras, suitable for potential drug treatment or Memory Care. Potential Use as Drug Treatment Facility. Zoned Office & Institutional (O-I) allowing use as "INTERMEDIATE CARE HOME/FACILITY" as defined by GA Rule 111-8-47-.01 as follows: "An "Intermediate Care Home" is a facility which admits residents on medical referral; it maintains the services and facilities for institutional care and has a satisfactory agreement with a physician and dentist who will provide continuing supervision including emergencies; it otherwise complies with these rules and regulations." See link: Drug Treatment Unmet Demand (20 mile PMA): 7,227 beds. Demographics (20 Mile Radius): 1. Household Income: $143,746 2. Net Worth: $1,513,93 3. Average Home values: $552,455 This licensed 25 units personal care home facility is located in a desirable demographic area of Metro Atlanta. The roof was recently replaced, and 17 units have been updated. The two-story structure has an elevator, and 19 out of 25 units are currently occupied. There is also an extra respite suite; all units are equipped with a full bathroom. 519 Lawrenceville Street is located off Buford Highway and benefits from great visibility with traffic counts of 44,282 VPD. Readily accessible from major highways, this senior housing facility is surprisingly tucked quietly away in Norcross, Georgia, a charming antidote to modern suburbia. With a rich variety of well-preserved historic homes and an authentic turn-of-the century downtown district, Norcross turns back the clock to simpler times and small-town American life. Norcross is the second oldest city in Gwinnett County and was the first to be placed on the Register of Historic Places. INVESTMENT ANALYSIS AS DRUG REATMENT FACILITY CONVERSION Assumptions: 1. SBA 504 Loan | www.ga504.com | 25-year term, 15% down payment, 6.037% Interest 2. Occupancy: 35% (Year 1), 65% (Year 2), and 80% (Years 3-10) 3. Rent: $500 ADR growing at 3% per year 4. Expenses: 80% 5. Disposition CAP Rate: 10% Yields (5-Year Hold Before Tax): 1. Projected Sales Price: $8,463,000 2. Sales proceeds (after 0.35% cost of sale + $2,753,498 lien): $5,455,612 3. IRR: 80.9% 4. Cash on Cash: 13.31% 5. Debt Service Coverage Ratio: 1.34 6. % Occupancy Break-Even = (Operational Expenses + Annual Debt Service)/Potential Rental Income = $1,277,500 + $237,486)/$4,562,500 = 33.2% Disclaimer: While the information is deemed reliable, no warranty is expressed or implied. Any information important to you or another party should be independently confirmed within an applicable due diligence period. Do not disturb tenants or management. Do not visit the site without an appointment through Bull Realty.