340 Lockheed Avenue SE, Marietta, GA 30060
sale
$849,900
|
Other
Courtesy Of Jason Fox & Associates, Inc.
Fully operational and 100% occupied, this 13-bedroom adult living facility presents a rare, turnkey investment opportunity. The property is fully compliant with all zoning regulations, licenses, and permits, ensuring immediate and seamless ownership transition. Extensively remodeled from top to bottom, the facility features generously sized resident rooms, a spacious recreation area, and a recently upgraded commercial-grade kitchen designed for efficiency and scale. Additional improvements include a fire sprinkler system, ADA-compliant bathrooms, and a dedicated on-site manager's office, all contributing to a safe, functional, and professionally managed environment. The property is secured with full fencing and gated access, offering ample on-site parking and thoughtfully maintained green space for residents. A key highlight is the presence of a strong, established tenant who maintains full occupancy, currently with a waiting list. The tenant is operating under a favorable long-term lease that includes approximately 10% annual rent escalations-outpacing inflation and steadily enhancing the property's capitalization rate year over year. Offered fully furnished and requiring minimal operational oversight, this asset delivers stable cash flow with low expenses, making it an exceptional opportunity for both long-term hold investors and those seeking immediate, reliable income. Please contact our office today for a private tour!
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Amenities: Ceiling Fan
- Amenities: Disabled Access
- Amenities: Security System
- Cooling System: Ceiling Fan(s)
- Cooling System: Central Air
- Exterior Type: Frame
- Floor Covering: Tile - Ceramic
- Floors: 1
- Heating System: Central
- MLSID: 7760177
- Parking Spaces: 11
- Roof Type: Asphalt
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