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4187 Solomons Island Rd - Country Home Assisted Living

10,430 SF Health Care Building Offered at $3,800,000 at a 10.40% Cap Rate in Harwood, MD 20776

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

* 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.

PROPERTY FACTS

Price $3,800,000
Price Per Bed $253,333
Sale Type Investment or Owner User
Cap Rate 10.40%
Property Type Health Care
Property Subtype Assisted Living
Building Class C
Lot Size 3.27 AC
Building Size 10,430 SF
No. Beds 15
No. Stories 2
Year Built 1976

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-381-02896300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,608,667

ZONING

Zoning Code RA
RA
  • Listing ID: 31576549

  • Date on Market: 4/22/2024

  • Last Updated:

  • Address: 4187 Solomons Island Rd, Harwood, MD 20776

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