Personal Care Home Community | 24 Beds

For Sale

452 Ossie Davis Pkwy, Waycross, GA 31501

This Waycross property for sale is located at 452 Ossie Davis Pkwy. The current listed sale price for Personal Care Home Community | 24 Beds is $2,730,000.

Contacts

broker

Ernie Anaya, MBA

Bull Realty

(404) 876-1640

Property Details

  • Property Type Multi-Family
  • Property Size 19,300 SF
  • Units 24
  • Property Tenancy Multi-Tenant
  • Year Built 1954
  • Year Renovated 2003
  • Date Updated Apr 4, 2024
Waycross, GABull Realty is pleased to present this ±19,300 SF licensed Personal Care Home Community comprised of 16 private rooms and 4 double occupancy rooms for a total of 24 beds. There is an addition of ±4,290 SF that includes owner’s living quarters which could be converted to additional units. The facility is currently at 92% occupancy and is under the State of Georgia CCSP Program averaging $2,475.22 per bed. The facility is ideally located in downtown Waycross, GA and is approximately 1 mile from Memorial Satilla Health Hospital.

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Highlights

  • 92% Occupancy
  • Potential rental income: $712,863.36
  • Gross operating income: $653,460.00
  • Net operating income/net profit: $325,945.84
  • Asking price: $2,730,000 (12% CAP)
  • Property qualifies for SBA loan with 25 year term and 10% down payment at market % rates

Attachments

Getting around

  • 55/100

    Walk Score ®

  • 47/100

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Location

  • City Waycross, GA
  • Zip Code 31501

Points of Interest

  • Petro

    0.98 miles

  • Kroger

    1.22 miles

  • Flash Foods

    1.36 miles

  • Shell

    1.40 miles

  • RV Fuels

    1.63 miles

  • Friendly Express

    1.74 miles

  • Sav-A-Stop

    1.93 miles

  • Murphy USA

    2.44 miles

  • Holiday Inn Express & Suites

    1.53 miles

  • Baymont

    1.58 miles

  • Motel 6

    1.65 miles

  • Days Inn

    1.85 miles

  • Super 8

    2.03 miles

  • Best Western Plus

    2.73 miles

  • Comfort Inn

    9.17 miles

  • Walmart Neighborhood Market

    0.66 miles

  • Belk

    2.26 miles

  • Waycross Mall

    2.29 miles

  • TJ Maxx

    2.29 miles

  • Walmart Supercenter

    2.49 miles

  • Bealls

    2.67 miles

  • Ross

    2.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Ernie Anaya, MBA

Bull Realty

(404) 876-1640