510 Reed Rd Dalton, GA 30720

Property Details for 510 Reed Rd

Year built

1989

Construction

WOOD

Lot size

2.15 lot acres

Property size

12,213 SF

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

12-123-15-000

APU

1212315000

Description

This exceptional 24-unit personal care home, situated on 2.15 acres in Dalton, Georgia, presents a compelling investment opportunity. The 19,213 square foot facility boasts a 100% occupancy rate and a strong net operating income (NOI) of $490,121, yielding a 10% capitalization rate on the $4,900,000 asking price. Built in 1989, the single-story building features 24 beds (6 spacious suites and 18 studios), each with a private porch overlooking landscaped grounds. Amenities include a gated community with video cameras, an award-winning vegetable garden, walking paths, and a gazebo. Additional features include a roughly 7,000 square foot basement with garages and storage, and an approximately 11,100 square foot staff apartment. An unfinished basement area offers potential for expansion, perhaps into an activity room. The property is zoned R-7 and is conveniently located near I-75, offering easy access to Atlanta and Chattanooga. Market analysis indicates a significant projected increase in demand for assisted living units in the area, making this a stable and potentially appreciating asset. The property generates a gross annual income of $921,600. The average cost of assisted living in Dalton is $3,100 per month. Detailed financial information is available upon request. This is a rare opportunity to acquire a high-performing, fully occupied senior care facility in a growing market.