5930 Ga-85Riverdale, GA 30274

This exceptional 23-unit senior living complex in Riverdale, Georgia, presents a compelling investment opportunity. Boasting 100% occupancy and a waiting list, this stabilized property offers a 7% cap rate with a pro-forma rate of 8.4%. The property comprises five, two-story buildings totaling 2,880 net rentable square feet on a substantial 348,001 square foot lot. Built in 1999 and extensively renovated between 2021 and 2023, the complex features 50 parking spaces, individual mailboxes, and key card access for each of the 207 rooms. Select units include features accommodating special needs. The property is zoned for special purposes, including senior living, and offers potential for future development on the rear lot. Located approximately 10-15 minutes from Hartsfield-Jackson Atlanta International Airport and within easy reach of major interstates, this property benefits from convenient access to transportation and amenities. The current average monthly rent ranges from $5,200 to $7,500. Each unit includes a washer and dryer and individual utility metering. The property's strong NOI of $844,886 further underscores its financial strength. Owner financing is available with a $1 million down payment. The sale includes the existing leases, though terms are negotiable. This is a rare opportunity to acquire a highly profitable, well-maintained senior living facility in a prime location. The property's unique zoning as a specialty property in Clayton County, Georgia, adds significant value.