ID#010870ย ย Approximate Beds/Units:ย 38ย ย Location:ย Decatur
Another firm is pleased to introduce an opportunity to aquire an Assisted Living Facility/PCH (38 units) located in a solid neighborhood in Dekalb County, Georgia. Out of state owners, challenged by occupancy issues during Covid, have decided to exit the state. The property offers a seasoned operator an opportunity to acquire an operating community at an extremely attractive basis.
Investment Highlights:
Acquire fully assumable HUD debt $2,000,000 at 3.34% (HUD loan is not in default)
Price $2,500,000 ( $65,700 unit) steep discount to replacement cost
Built in 1990 and situated on 1.32 acres, some deferred capex
Two story with elevator and a partially finished basement
Gross building area: 25,266 SF
Market valuation (Healthtrust 2016) valuation $3.7Million
Zoned O-I (Office Institutional)
Major Hospital – 0.9 miles from subject
In 7 mile radius, 2021: Population 644,619; Average HHI $92,207; Med Home Value $279,244