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Senior Housing and Medical Mixed-Use Development

Grayson, GA

The National Senior Housing Group at Bull Realty, Inc. is pleased to present an opportunity to acquire a mixed-use development consisting of Parcels 1 and 2 with ± 13.28 acres for independent living, medical office, and retail. Parcel 3 is under contract for 85 age restricted/55+ town homes. Site has a pending permit application for 225 Independent Living units, 55 Assisted Living units, and 24 Memory Care units. In addition, application includes two 9,000 SF medical office buildings, and one 7,000 SF retail building perfect for a pharmacy. Site is located approximately 3 miles from Eastside Medical Center. There are no medical offices within a 1 – 2 mile radius of the site. The site is in the middle of an affluent community and near the Summit Chase Country Club and located at the corner of Athens Way and South Crestview Drive. Grayson is located in Gwinnett County, one of the fastest growing counties in the U.S.

$5,300,000

13.28 Acres

  • Multifamily
  • Special Purpose
  • Senior Housing

Email Ernie Anaya or John DeYonker for more information
Gwinnett County Assisted Living Facility

Norcross, GA

This 25-unit Assisted Living Facility is located in a desirable demographic area of Norcross, Gwinnett County, Georgia. The property was built in 1987 and provides affordable assisted living and elderly care. This property is a value-add opportunity as lease rates are significantly under market. The property consists of a 10,820 square foot two-story structure with 21 out of 24 units occupied. There is also an extra suite (formerly the owner’s suite) equipped with a full bathroom that can be added to the mix. 16 units have been recently renovated and the roof has been recently replaced. All units have private full bathrooms. Call for Pro Forma.

$2,500,000

10,820 SF

  • Senior Housing

Email Ernie Anaya or call 404-876-1640 x 130 for more information
Regal Pines

Conley, GA

Regal Pines Apartments is a 100% electric, gated community in Conley, GA. Property is conveniently located 5 miles from the Hartsfield-Jackson International Airport. The property features 72 units, all 2 bedroom with 1 bath, (12) units have been completely renovated with new electrical, plumbing, roof, HVAC, water heaters, windows, kitchen cabinets, granite countertops in kitchen & bathroom, and vinyl flooring. These 12 units are 100% occupied with a waiting list for the next 12 units scheduled to be completed by the end of April 2017. These 24 units are individually sub metered for water and sewer. The property has 48 units that would require some level of renovation. A value add opportunity for new ownership as these new units could command increased rents once stabilized due to their current lower than market rental rates.

$2,100,000

57,600 SF

  • Low-Rise/Garden

Email Scott K. Spalding or call 404-876-1640 x 156 for more information
Independent, Assisted Living & Memory Care

Dalton, GA

The proposed development can accommodate up to 120 independent living, assisted living, and memory care units. It is to be located on the northwest corner of N. Bypass and Riverbirch Parkway in Dalton, Georgia with 4.6 acres of land zoned C-2. The North Bypass is a median divided, heavily traveled roadway with two lanes extending in each direction. The zoning is defined as general commercial, which includes senior housing. The property is identified as Lots 12 & 13 of Hammond Creek in Dalton, Georgia. The parcel has a rectangular shape with 610 feet of footage on the North Dalton Bypass and access from Riverbirch Parkway. It has about $1 million of infrastructure with graded to curb level and DOT approved curb and curb gutters, storm drain, and retention pond. The site has all utilities including sewer and ready to build pending permits (architectural plans available). The site is located alongside a clinic on the Dalton Bypass and adjacent to the Dalton Golf and Country Club, and a gated apartment community. In addition to the clinic, the site is located approximately a mile west of a mixed use development project in progress. The target market is the affluent market within a 5 mile radius of the site that is not being served. The majority of the beds in the market are small personal care homes not meeting the state code in terms of state requirements for assisted living. Due to current demand estimates, the proposed unit mix is 30 Assisted Living, 30 Memory Care, and 60 Independent Living. The current market is undeserved by 38 Memory Care units, 55 Assisted Living units and 179 Independent Living Units. An Integra Realty Resources Market Study and architectural plans are available at no additional cost.

$1,800,000

4.66 Acres

  • Multifamily
  • Senior Housing

Email Ernie Anaya or call 404-876-1640 x 130 for more information
Proposed Assisted Living and Memory Care Facility

Athens, GA

This ± 8.42 acre land parcel, proposed for an assisted living and memory care facility, is zoned C-R (Commercial Rural) and is permitted for Congregate Personal Care Homes with sixteen or more clients per an approval letter from Clarke County. The planned facility will be made up of 48 total units consisting of 36 assisted living units and 12 memory care units. The two-story building will contain ± 37,051 square feet on the ± 8.42 acre site. The project is scaleable to 80+ total assisted living beds with future plans to include 20 or more independent living cottages on the site. This land package includes an approved zoning letter, architectural elevation drawing, floor plan, site plan, survey, topography map, Phase I Environmental, soil analysis, Integra Market Study for Senior Housing and Pro Forma.

$952,000

37,051 SF

  • Multifamily
  • Senior Housing

Email Ernie Anaya or call 404-876-1640 x 130 for more information
Virginia-Highland 9 Unit Apartment Building

Atlanta, GA

This 9 unit multifamily opportunity offered for sale at $829,000 is located in the heart of one of Atlanta's hottest neighborhoods, Virginia-Highland. Sitting on a ±0.16 acre, R4 zoned site, the property has been grandfathered by the city of Atlanta to legally operate 9 units. Comprised of 7 attached apartments (2 of which are studios) and 2 studio cottages in the rear. This asset does not currently cash flow, however presents a fantastic opportunity for a savvy investor to renovate and reposition the building. The property currently relies on window A/C units and a central boiler for heat. It also has only one electrical meter, breaker box, water meter and water heater. With the largest of the units currently available, this could be ideal for an owner-occupant to take advantage of today’s low interest rates. Due to its phenomenal location and smaller units, this property may alternatively be a candidate for solid Airbnb income, or converted to a grand single family home given the skyrocketing neighborhood home values. Property tours by appointment only. Please do not disturb tenants.

$829,000

5,313 SF

  • Low-Rise/Garden

Email Daniel Latshaw, CCIM, MBA or call 404-876-1640 x 127 for more information
Downtown Adairsville Mixed-Use Building

Adairsville, GA

Beautiful turn-of-the-century (circa 1905) historic building on town square of Adairsville, Georgia. Property is situated in a great location and is now becoming a northern suburb of Atlanta. The building was built in 1905 and renovated in 2004 with renovations including: new HVAC systems, new plumbing, new electrical and new insulation. This is a great opportunity for an investor or owner-user. Building consists of retail space and four (4) apartments. Retail space is approximately 2,960 sq ft and has 14’+ ceilings, original 100-year old wooden floors. This 2,960 SF retail space in historic Public Square boasts 14'+ ceilings and original 100-year old wooden floors. Built in 1905 and renovated in 2004, the property was updated with a new roof as well as new insulated doors and windows installed in 2014.

$365,000

5,920 SF

  • Street Retail
  • Low-Rise/Garden

Email Craig Caldwell or call 404-876-1640 x 123 for more information
SOLD | Student Housing | Multifamily Adaptive Reuse Development

Atlanta, GA

Bull Realty is pleased to offer for sale, this incredible opportunity for redevelopment of a 1.47 acre site with a 141,000 sq ft building plus a 200 + space parking deck and excess development land. The building has already been gutted providing clean, flexible floor plates while the parking deck can be utilized or removed and replaced per your plans. This offering provides for multiple redevelopment strategies including student housing and multifamily. Virtually on the edge of the Georgia State University campus and its 32,000 students Easy access from Downtown, the Peachtree Street corridor, Grady Hospital and I75/I85 One block from the new Atlanta Streetcar line to be operational in 2013 The SPI 1 zoning is very broad allowing up to 2,000,000 sq ft of mixed-use product Over $80,000 of annual current income from two tenants both of which can be terminated Interior asbestos remediation completed in 2007 Substantial due diligence materials available Site qualifies for multiple development incentive programs both locally and federally Property may be acquired for $1.6 million less than 2012 appraisal $700,000 already spent in demolition, remediation, engineering, structural & environmental assessments etc. to remove the unknowns from redevelopment

141,000 SF

  • Mid-Rise

Email John DeYonker or call 404-876-1640 x 142 for more information
SOLD | 19 Unit Apartment Complex in Inman Park

Atlanta, GA

This 19 unit apartment complex is in an excellent location on North Highland Avenue in popular Inman Park. The property backs up to Freedom Park PATH Trail and is within walking distance to the Atlanta BeltLine Trail and Inman Park restaurants and shops. The property is 100% occupied. The current rent roll provides significant value add/upside potential several units at below market rents. RG-2/BeltLine Overlay zoning allows for potential redevelopment value. Unit Mix: (10) - 2 bed/1½ bath (5) - 2 bed/1 bath (4) - 1 bed/1 bath Amenities: On-site coin laundry Off-street parking for all units Easy access to Freedom Park PATH Trail Directly across the street from four popular Inman Park restaurants (The North Highland Pub, Wisteria, Folk Art, Il Localino)

13,302 SF

  • Low-Rise/Garden

Email Andy Lundsberg or call 404-876-1640 x 107 for more information
SOLD | 120 Unit Ridgeview Apartment Complex

Austell, GA

Great opportunity to acquire this 95% occupied, 120 unit apartment community at a solid 8.3% cap rate. Located in Austell, GA, just off I-20 and just outside I-285 within minutes from Six Flags Over Georgia theme park and only 11 miles from downtown Atlanta. Situated on +/- 11.51 acres, this gated community offers several amenities including a pool and sundeck area, large common courtyards, and onsite laundry facilities. The property features several different floor plans including a 3 bed/2 bath plan, 2 bed/2 bath plan and 1 bed/1 bath plan, as well as washer and dryer connectors and walk in closets, catering to most any tenant mix.

123,504 SF

  • Low-Rise/Garden

Email Andy Lundsberg or call 404-876-1640 x 107 for more information
SOLD | Renovated Intown 16 Unit Multifamily Opportunity

Atlanta, GA

Recently gut renovated, this 4 building/16 unit apartment complex comes with all new kitchens, bathrooms, systems, windows, roofs, etc. All units are 2 bed/1 bath with balconies or patios and have granite counter tops, central HVAC and separate water heaters. Amenities include off street parking, centralized on site coin laundry room, courtyard style living, gated community and walking distance to Historic Fourth Ward Park and the Atlanta Beltline. Located between Old Fourth Ward (O4W) and Inman Park, the property is in the heart of two of the city's hottest neighborhoods. Both neighborhoods are a hub for young professionals looking to take advantage of popular restaurants, walkability, proximity to jobs and the lively culture.

16,228 SF

  • Low-Rise/Garden

Email Andy Lundsberg or call 404-876-1640 x 107 for more information
SOLD | Hearthstone Assisted Living

Marietta, GA

22-bed Senior Living Facility in the East Cobb County sub-market, an affluent community and demographic in Atlanta. Property is ready for immediate occupancy. Situated in the Paper Mill Village development, the Senior Living Facility is just down the street from Atria Johnson Ferry Assisted Living and only a short distance from GA 400, I-285 and I-75. Built in 1991. Facility is vacant and suitable as a Senior Living Facility/ Memory Care or Hospice facility.

11,601 SF

  • Senior Housing

Email Andy Lundsberg or Ernie Anaya for more information