For Sale
$1,800,000
601 Coleman St Hapeville, GA 30354
Georgia Assisted Living Facility - High Occupancy
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 30-bed assisted living facility in Hapeville, GA with 98% occupancy.
- 7,500 SF building on a 0.69-acre lot, located at 601 Coleman St, Atlanta, GA 30354.
- $1,800,000 asking price ($60,000 per bed); 7.83% current cap rate, projecting 8.58%.
- 10-year net-net lease with 9 years remaining and a 3% annual escalation clause. Owner pays half of property taxes and insurance; tenant pays all utilities, CAM, maintenance, and remaining taxes/insurance.
- Sale includes building only; tenant owns the business.
Property Details for 601 Coleman St
- Property type
- Specialty properties, Retirement homes
- Class
- C
- Year Built
- 1989
- Stories
- 1
- Lot Size (sq. ft)
- 30,056 SF
- Units
- 30
Location Insight
- City
- Hapeville
- County
- Fulton
- State
- Georgia
- Latitude
- 33.6671221
- Longitude
- -84.4091909
Nearby Similar for Sale
FAQs
- What type of property is this?
- Specialty property - Georgia Assisted Living Facility - High Occupancy
- Where is the specialty property located?
- The property is located at 601 Coleman St Hapeville, GA.
- What is the asking price?
- The asking price for this property is $1,800,000.
- What are key features of this property?
- This property features: 30-bed assisted living facility in Hapeville, GA with 98% occupancy.; 7,500 SF building on a 0.69-acre lot, located at 601 Coleman St, Atlanta, GA 30354.; $1,800,000 asking price ($60,000 per bed); 7.83% current cap rate, projecting 8.58%.
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