Two Assisted Living
For Sale
Contact for pricing
Pending
217 E Felton Rd, Cartersville, GA 30121
Portfolio includes 71 units across two assisted living facilities, both operating at 92% occupancy.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market136
Property Features for 217 E Felton Rd
General Information
Standard status
Pending
Lot size
1.50 Acres
Property subtype
Senior Living
Occupancy
92%
Financials
Cap Rate
9.49%
Business Included
Yes
Building Details
Year Built
1993
Year Renovated
2013
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Anthony Williams · License #GA 342755
Source:
Crexi
Added: Apr 10
Changed: Aug 12
Last Checked: Aug 23 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This portfolio comprises two assisted living facilities totaling 71 units and 71 beds, with 89 licensed beds. The 38-unit facility is a brick building built in 1993 and renovated in 2013, with updates including a new roof, new heating and air units, and cosmetic improvements. It offers medication management for residents, recreation and activity rooms, full-service dining, and beauty-related services. Unit mix includes private, semi-private, and deluxe options, and the property is currently 92% occupied with historical occupancy levels above 90%.
The second facility includes 33 units in a building originally constructed in 1975, with renovations completed in 2003 and 2013. This property is also currently 92% occupied. The two facilities are approximately 2.4 miles apart, and the first is positioned about 34 miles northwest of Atlanta in Bartow County, with Cartersville Medical Center located less than a mile from the subject property.
The second facility includes 33 units in a building originally constructed in 1975, with renovations completed in 2003 and 2013. This property is also currently 92% occupied. The two facilities are approximately 2.4 miles apart, and the first is positioned about 34 miles northwest of Atlanta in Bartow County, with Cartersville Medical Center located less than a mile from the subject property.
Key Highlights
- Portfolio of two assisted living facilities with 71 licensed beds (71 units) and 89 licensed beds total in one ownership group
- 38‑unit assisted living in Cartersville, GA: 22,262 SF on 1.5 acres, built 1993; renovated in 2013 including new roof and HVAC
- 38‑unit facility operating metrics: 92% occupancy currently and historically maintained over 90% occupancy; rates range $1,895–$3,080
Property Analytics
Property Profile
Current Use
Lease Details
92%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30121, GA
25,089
Population
11,175
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
57.7 sq mi
ZIP Area
435
Density / Sq Mi
$77,496
Median Household Income
$43,185
Median Earnings
$1,254
Median Rent
$258,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Portfolio includes 71 units across two assisted living facilities, both operating at 92% occupancy.
Where is this assisted living facility located?
The property is located at 217 E Felton Rd Cartersville, GA.
What are key features of this property?
This property features: Portfolio of two assisted living facilities with 71 licensed beds (71 units) and 89 licensed beds total in one ownership group; 38‑unit assisted living in Cartersville, GA: 22,262 SF on 1.5 acres, built 1993; renovated in 2013 including new roof and HVAC; 38‑unit facility operating metrics: 92% occupancy currently and historically maintained over 90% occupancy; rates range $1,895–$3,080
