1141 Corinth Rd
Newnan, GA 30263

$2,100,000 USD

Congregate Senior Housing For Sale • 5,574 SF

Property Details

Property Type Congregate Senior Housing
Total Building Size 5,574 SF
Lot Size 4.22 AC
Building Class B
Year Built 1991
Zoning RC

0 Transit Score

4 Walk Score

                
                    Highlights
                
                                90% + Occupancy 
                            
                                15 Units licensed personal care home | Can double unit count by turning L-shaped building into U-shaped building. 
                            
                                Includes both real estate and business
                            
                                Zoned RC | 5.11 Acres also allows for an additional building
                            
                                Qualifies for SBA 504 Loan: 25-year term, 15% down payment, and 6.37% interest
                            
                                Potential Yields: 52.3% IRR, 13.8% Cash on Cash return, and 1.37 DSCR