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Senior Housing Opportunity | 27-Units | 7% Cap Rate | Cartersville, GA

5 Fite Street
Cartersville, GA 30120
PRICE : $5,200,000
CAP RATE: 7%
PROPERTY TYPE: Senior Housing
SITE SIZE: 0.77 Acres
UNITS: 27
YEAR BUILT: 1880

Highlights

  • 27-unit personal care community in Cartersville, GA
  • ±13,708 SF situated on ±0.77 Acres
  • 100% occupied
  • Licensed for 40 beds
  • Average market rents: $4,005
  • Average home values: $280,830
  • 75+ Average household income: $50,244
  • 75+ Average net worth: $800,956
  • Unmet demand: 121 units growing to 232 units in 2027 (91.7% inc.)
  • Staff stays
  • Located in Bartow County
  • Located less than 1 mile from Downtown Cartersville and 3 miles from I-75
  • Located 49 miles north from Downtown Atlanta and 53 miles north from Hartsfield-Jackson Atlanta International Airport

Description

The Senior Housing Group at Bull Realty is pleased to offer this fully-occupied, ±13,708 SF personal care home located in the historic Downtown Cartersville area. The facility was a former Victorian mansion built in 1880 and includes 27 units with 40 beds and configured as follows: private rooms with private bath, dining facility, salon, other living areas and more.

The community is walking distance to Downtown Cartersville, and less than 10 minutes from Cartersville Medical Center and I-75. Dining, entertainment, schooling and grocery options are all convenient to the property.

By appointment only. Please do not disturb residents or staff. Financials and market analysis available with Confidentiality Agreement.

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