Bartow County, GA Health Care and Fitness Businesses For Sale

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2Cartersville ALF Portfolio | Atlanta MSA | Value-AddMotivated Seller | Seller Financing May Be Available
$5,500,000
Cartersville ALF Portfolio | Atlanta MSA | Value-AddMotivated Seller | Seller Financing May Be Available

Cartersville, GA

Marcus & Millichap is pleased to announce the exclusive listing of two more senior housing assets, this portfolio (single ownership group) offers 71 beds, (89 licensed) and 71 units at a price point less than ninety five dollars per bed. The first property, a 38 Unit Assisted Living Facility, is located in Cartersville, Georgia .The property is 22,262 square feet, sits on one and a half acre, built in 1993 and was recently renovated in 2013. Renovations included a new roof, new heating and air units as well as a number of cosmetic upgrades. The subject property is an assisted living only facility offering medication management for residents, recreation and activity rooms, full-service dining as well as beauty related services. Occupancy is currently 92 percent and has historically maintained levels in excess of 90 percent. The room types range from 1-bedroom private pay units (approximately 187 square feet), semi-private 2-bedroom units (207 square feet) to deluxe units (307 square feet) with price points from $1,895 - $3,080. This 38 Unit Assisted Living Facility is an aesthetically pleasing brick building with well-appointed art work and decorative features throughout its footprint. The property is positioned just 34 miles northwest of Atlanta, Georgia via Interstate 75 in Bartow County. The property is also in close proximity to Cartersville Medical Center, a 119-bed facility less than a mile from the subject property. The second property, a 33 Unit Assisted Living Facility, is just 2.4 miles from the first facility. This second property is 17,492 square feet and was originally constructed in 1975, and has undergone multiple renovations – 2003 and 2013. These two senior housing assets packaged at five and half million dollars provide a wealth of opportunity.


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