4187 Solomons Island Rd - Assisted Livings FOR SALE


Harwood, MD 20776
$3,800,000 USD
410-292-0866
4187 Solomons Island Rd, Harwood, MD for Sale
$3,800,000 USD
Assisted Livings - FOR SALE
1/7
null | 10.4% Cap Rate

4187 Solomons Island Rd
Harwood, MD 20776


HIGHLIGHTS

  • Real estate and business assets
  • 15 beds - all private-pay
  • Beautiful setting/easily accessible location
  • Turnkey Operation

OVERVIEW

* Real estate and business assets of Country Home Assisted Living, located in Harwood, MD. * Unique Turn Key Investment Opportunity in the Thriving Senior Care Industry *All Private Pay * Established in 1986 as the first assisted living facility in Anne Arundel County. * Licensed to provide Level 3 High Level of Care – the highest level of care license available to assisted living facilities in Maryland. KW Commercial is pleased to present Country Home Assisted Living for sale (real estate and business). This all private-pay 15-bed assisted living facility provides a home-like setting for its residents, including nine private rooms and six beds in three semi-private rooms. The lower level offers storage space and additional rental possibilities. Established in 1986, Country Home was the first assisted living facility in Anne Arundel County. The current owner has operated the facility since 2011. The facility has a license to provide Level 3 High Level of Care – the highest level of care license available to assisted living facilities in Maryland. Its services allow residents to age in place. It also offers hospice services. Country Home is located on 3.27 acres with a sprawling lawn and mature trees in the back. The property offers easy surface parking steps from the front door. Easy access continues with all resident rooms located on the main floor. Surrounded by rolling hills, farms, vineyards, and stately single-family homes, Harwood has a country feel, but is just minutes away from Annapolis, Edgewater, Davidsonville and other Anne Arundel County locations. Amenities include a hair salon, game room, outdoor decks, TV room, and main-level kitchen. With its cozy interiors, comfortable furnishings, and beautiful setting, this facility exudes warmth and comfort. Residents and their families appreciate the inviting environment, which fosters a sense of community and well-being. With a reputation for excellence in senior care, this facility has established itself as a trusted provider in the local community. Its commitment to personalized care and attention to detail has garnered positive reviews and word-of-mouth referrals. Its reputation has meant consistently low vacancy rates. Owner needs to do little marketing and advertising. The facility offers significant value add opportunities. The current owner has made many upgrades since acquiring the facility. Further upgrades could yield higher room rates and additional net operating income increases. For experienced investors, as well as those new to the senior care industry, the facility presents a rare opportunity to invest in a thriving assisted living business and desirable real estate. This turnkey operation offers the potential for significant returns and the satisfaction of providing essential services to an aging population.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

10.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Country Home Assisted Living

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

RA

APN/PARCEL ID

01-381-02896300

ASK ABOUT THIS PROPERTY

Hedy NelsonKeller Williams CommercialMore Info
410-292-0866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Hedy NelsonKeller Williams CommercialMore Info
410-292-0866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.