HUD-Backed Senior Housing
234 Turner St, Royston, GA 30662
For Sale
Contact for pricing
Turnkey 24-unit senior housing with 100% HUD HAP contract coverage and age-restricted residency.
Property SizeContact for details
Days on Market139
Property Features for 234 Turner St
General Information
Standard status
Property subtype
Additional Details
Business Included
Multifamily Units
Building Details
Year Built
Units
Listed By:
Matthew Harper
(864) 714-9619
Source:
Alinecapital
Added: Jun 25
Changed: Oct 25
Last Checked: Nov 10 at 5:23AM
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 Matthew Harper
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Cobb Center Apartments is a turnkey, HUD HAP-contract senior housing community with 24 units in Royston, Georgia. The property is fully covered by a HUD HAP contract, with 100% of units under contract. As described, the asset is positioned for operational simplicity, with rent payments subsidized by HUD and a consistent resident base typical of senior HAP properties. The community is age-restricted and designed to serve affordable senior housing needs.
According to the offering remarks, the property has reflected historically strong occupancy and low tenant turnover, consistent with senior HAP operations. The materials also note that senior HAP properties in Georgia routinely maintain occupancy above 95%. The contract stability and government-backed rental income framework are central characteristics of the investment.
For investors or operators, this is a structured senior housing asset intended for those seeking a government-backed income profile through a long-term Section 8 HAP contract. The property’s age-restricted configuration can align well with demand for affordable senior housing in the region, including the Northeast Georgia area mentioned in the remarks. The offering is presented as having minimal operational risk associated with the HUD HAP coverage across the entire unit count.
According to the offering remarks, the property has reflected historically strong occupancy and low tenant turnover, consistent with senior HAP operations. The materials also note that senior HAP properties in Georgia routinely maintain occupancy above 95%. The contract stability and government-backed rental income framework are central characteristics of the investment.
For investors or operators, this is a structured senior housing asset intended for those seeking a government-backed income profile through a long-term Section 8 HAP contract. The property’s age-restricted configuration can align well with demand for affordable senior housing in the region, including the Northeast Georgia area mentioned in the remarks. The offering is presented as having minimal operational risk associated with the HUD HAP coverage across the entire unit count.
Key Highlights
- 24‑unit senior housing community in Royston, GA
- Built in 1988
- 100% of units are covered by a HUD HAP contract for guaranteed rental income
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
24
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30662, GA
9,149
Population
3,701
Households
2.5
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
83.3 sq mi
ZIP Area
110
Density / Sq Mi
$55,583
Median Household Income
$33,640
Median Earnings
$769
Median Rent
$173,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Turnkey 24-unit senior housing with 100% HUD HAP contract coverage and age-restricted residency.
Where is this senior housing / retirement home located?
The property is located at 234 Turner St Royston, GA.
What are key features of this property?
This property features: 24‑unit senior housing community in Royston, GA; Built in 1988; 100% of units are covered by a HUD HAP contract for guaranteed rental income
