5930 Ga-85Riverdale, GA 30274

Property Details for 5930 Ga-85

Year built

1999

Property type

Residential income properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Riverdale

County

Clayton

State

Georgia

Latitude

33.593

Longitude

-84.4076

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].