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

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Decatur $2.5M ID#010870

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