Charming Leased Care Home
6133 Petty Street SW Covington, GA 30014
6133 Petty Street SW, Covington, GA, 30014
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For Sale
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Fully leased, well-maintained 8-bed personal care home in Covington, GA.
Property Size1,755 SF
Price / SF$381.77
Days on Market497
Property Features for 6133 Petty Street SW
General Information
- Standard status
- Active
- Size
- 1,755 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1959
Listing Agency
Platinum Access
(678) 549-7105
Listed by
Yolanda Rolle · License #338657
Source
Crexi
Added: Mar 8, 2025 Checked: Jul 17 at 12:19 pm
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 Platinum Access
Investment Insights
Based on property information with market context.
This is an 8-bed semi-private personal care home located in Newton County, Georgia. The property is fully leased and situated approximately one mile from Covington Square. The facility includes 5 bedrooms and 2 ADA-compliant bathrooms, along with ADA ramps for accessibility. Enhanced safety features include a fully sprinkled fire suppression system. Recent upgrades to the property include a new roof, fresh paint, and newly installed engineered flooring. The property has a total size of 1755 square feet. The center is fully furnished and designed for comfort and accessibility. This property is intended for use as an assisted living facility or healthcare property, presenting a potential investment opportunity with a 6% CAP rate.
Key Highlights
- 100% Leased with a 6% CAP Rate: Provides immediate and stable income stream.
- Prime Location: Just a mile from Covington Square in Newton County, Georgia.
- Fully Operational 8‑Bed Facility: Ready for immediate use.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.7k | $26.04 |
| − Vacancy | −$2.8k | −$1.61 |
| EGI | $42.9k | $24.43 |
| − OpEx | −$19.3k | −$10.99 |
| NOI | $23.6k | $13.43 |
1,755 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$336.8K
$294.7K – $393.0K
NOI $23,577 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.6K
$429.3K – $572.4K
NOI $34,341 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
Similar Off Market Nearby
- Prema at Ashton Hills — 10050 Eagle Dr, Covington, GA 30014
- Peachtree Care Center of Covington — 6133 Petty St SW, Covington, GA 30014
- C7 Assists LLC — 8215 sterling ln, covington, ga 30014
FAQs
What type of property is this?
Assisted living facility - Fully leased, well-maintained 8-bed personal care home in Covington, GA.
Where is this assisted living facility located?
The property is located at 6133 Petty Street SW Covington, GA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 100% Leased with a 6% CAP Rate: Provides immediate and stable income stream.; Prime Location: Just a mile from Covington Square in Newton County, Georgia.; Fully Operational 8‑Bed Facility: Ready for immediate use.
