601 Coleman St Hapeville, GA 30354-1041
Property profile & analytics
601 Coleman St Hapeville, GA 30354-1041
- Assisted living facilities
- 7,500 SF
- 0.69 lot acres
Property ID
US22-1473746
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Assisted living facilities
Property Details for 601 Coleman St
- Year built
- 1989
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Property size
- 7,500 SF
- Zone code
- CR
- Property type
- Assisted living facilities
- Property subtype
- Retirement homes
- APN
- 14 009900031206
- APU
- 14009900031206
Description
This exceptional investment opportunity presents a 30-bed assisted living facility in Hapeville, Georgia, boasting a 98% occupancy rate. Located at 601 Coleman St, Atlanta, GA 30354, this single-story, 7,500 square foot building sits on a 0.69-acre lot and is zoned V-VILLAGE. Built in 1989, the property offers a current NOI of $141,000 and a current cap rate of 7.83%, with pro-forma figures projecting a NOI of $154,500 and an 8.58% cap rate. The asking price is $1,800,000, translating to $60,000 per bed. A 10-year lease is in place, with 9 years remaining, featuring a 3% annual escalation clause. The lease is a net-net structure, with the owner responsible for half of the city and county taxes and property insurance on the building. The tenant covers all utilities, CAM charges, maintenance, and the remaining half of city/county taxes and business insurance. This stabilized investment presents a strong return with significant upside potential. The property's convenient location near the Atlanta airport and MARTA stations adds to its appeal. The sale is for the building only
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hapeville
- County
- Fulton
- State
- Georgia
- Longitude
- -84.409
- Latitude
- 33.667
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,632
$31,040
$274,760
$305,800
-
$77,600
$686,900
$764,500
