Laurens County, GA Health Care and Fitness Businesses For Sale

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222 Unit Personal Care Home (Assisted Living) For SaleValue Add | Zero Deferred Maintenance | 4 Residents to Stabilization
$2,100,000Seller Financing
22 Unit Personal Care Home (Assisted Living) For SaleValue Add | Zero Deferred Maintenance | 4 Residents to Stabilization

Laurens County, GA

Marcus & Millichap is pleased to announce the exclusive listing of a 22 Unit Assisted Living Facility (Personal Care Home). It is a 10,714 square foot, 22 unit senior housing community offering assisted living, respite care and day care services. This private pay facility, built in 2010 is located in Dublin, Georgia, essentially the middle of the state and is approximately half way between Atlanta and Savannah. The property benefits from all brick construction, a four acre parcel, no deferred maintenance and close proximity to Fairview Park Hospital. The opportunity here is to take full advantage of the upside potential. The property is 60 percent occupied, no management company, minimal marketing efforts, over staffed and too heavy on expenses – all of which can be easily overcome. The seller is a successful hotel developer and the pipeline of new hotel projects occupy the bulk his attention; therefore creating this opportunity. Because the subject property is just 22 units, an influx of only 8 residents ramps the occupancy level to capacity and transform all financial metrics. For example, with 8 new residents, the cap rate jumps to 14.19%, cash on cash becomes 31.98%, the return is over 40% and there is an immediate equity infusion of over $900,000. Additionally, the subject property can be expanded. There is ample acreage to construct a new stand-alone assisted living facility adjacent to the existing building and convert the existing facility into a dedicated memory care facility. Available for below replacement cost, this 22 Unit Assisted Living Facility is a value-add opportunity for both new or experience senior housing investors. Investment Highlights • Well-Constructed, Brick Building | No Deferred Maintenance • Value-Add Opportunity with Immediate Upside • Dublin Walmart Supercenter | Large Economic Draw • No Management Company Required • Four Acre Parcel | Ability to Build & Expand New Adjacent Facility


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