510 Reed Rd - Assisted Livings FOR SALE


Dalton, GA 30720
$4,600,000 USD
404-876-1640
510 Reed Rd, Dalton, GA for Sale
$4,600,000 USD
Assisted Livings - FOR SALE
1/25
null | 9.42% Cap Rate

510 Reed Rd
Dalton, GA 30720


HIGHLIGHTS

  • 24-unit personal care home located in Dalton, GA
  • Situated on a ± 2.15 acre site with ±19,213 SF
  • 96%+ occupied
  • Property includes an award winning vegetable garden
  • Current SBA 504 Loans at 5.675% Interest with 15% down payment

OVERVIEW

The Senior Housing Group at Bull Realty, Inc. is pleased to introduce a 90%+ occupied, 24-unit, licensed Personal Care Home Facility, with waiting list, in the heart of Dalton, GA. Dalton is often referred to as the “Carpet Capital of the World” because it is home to over 150 carpet plants and approximately 100 carpet outlet stores. The industry employs more than 30,000 people in the Whitfield County area. Dalton, GA is located between Atlanta, GA and Chattanooga, TN. This ±12,213 SF facility offers 6 spacious suites and 18 charming studios, all with inviting porches that overlook beautifully landscaped grounds. Residents will enjoy the tranquil and rural setting that’s conveniently located within the city and only 2 minutes from I-75. The facility features a lovely award-winning vegetable garden, walk paths, and a cozy gazebo, making it the perfect place to relax and unwind. Safety and security are top priorities at this gated community, equipped with video cameras that ensure residents feel secure and protected. The facility includes a ±7,000 SF basement with garages and storage, a ±1,100 SF staff apartment, and an unfinished portion that could be converted into an activity room for current residents. The demand for assisted living units within a 5-mile Primary Market Area (PMA) is increasing with a projected demand of 65 units in 2027, representing an 116.6% increase. With 14.7% of the senior population aged 65+, this facility provides an excellent opportunity to meet the growing demand for senior housing. The average cost of assisted living in Dalton, GA is $3,100 per month, making this facility an affordable option for seniors. The average net worth for ages 75+ within the PMA is $1,088,741, the average household income for ages 75+ within the PMA is $62,090, and the average home value within the PMA is $233,433. U.S. Census disability statistics for Dalton, GA reveal that 34.4% of the population have ambulatory difficulty, while 28.5% require independent living. This facility is designed to cater to the unique needs of these seniors, ensuring they receive the care and attention they deserve. Currently, the facility generates a gross income of $913,800.00 per year, with a net operating income (NOI) of $469,289.19 With its impeccable design, stunning location, and excellent income potential, this facility presents an outstanding investment opportunity for those seeking to make a difference in the lives of seniors in Dalton, GA.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

9.42%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24-Unit Personal Care Home

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Congregate Senior Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

R7

APN/PARCEL ID

12-123-15-000

ASK ABOUT THIS PROPERTY

Ernie Anaya, MBABull Realty Inc.More Info
404-876-1640

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Ernie Anaya, MBABull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.