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Senior Living Facility | Dahlonega | 30 Units

634 Crown Mountain Drive
Dahlonega, GA 30533
PRICE : $3,000,000
PROPERTY TYPE: Multifamily
SITE SIZE: 11.00 Acres
UNITS: 30
YEAR BUILT: 2000

Highlights

  • New 3-story 30-unit / 60-bed facility in lease-up
  • Great views on 11-acre site with additional building sites
  • Substantial land area for buyer to expand construction
  • Schindler elevator in the center
  • Currently in process of stabilization
  • Extensive interior renovations including hardwood floors, LED lighting, HVAC units and new elevator
  • Comfortable finishes including new unit furnishings, blinds, curtains, flat screen TVs and massage chairs
  • New exterior paint and parking lot asphalt
  • Dahlonega is very attractive and accommodating to senior life style
  • Convenient to quaint Dahlonega town square and area healthcare
  • Close to University of North GA senior housing labor pool
  • Senior living demand in area expected to increase by over 38% in next 60 months
  • Memory Care demand in area expected to increase by over 37% in next 60 months
  • Average HH income in 10-mile range for age range of 65-74 is $84,480
  • Average net worth in 10 mile range for age range of 65-74 is $1,262,169
  • Assisted living monthly rental rates within 25-miles average $3,923

Description

This 30-unit structure has all necessary operational certifications and licensing to operate as a senior housing facility. The primary market area in which this property is located, shows favorable operational analysis and strong need for assisted senior housing.

The high-quality vinyl and brick building was constructed in 2000 and can accommodate 60 beds. The property expands over 11 acres and has 4 additional building sites available for further development.

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