16 days Back

4187 Solomons Island Road, Harwood, MD 20776

  • 0 Bedrooms
  • 0 Bathrooms
  • 0 sqft

Value Estimates

Fair Condition
$4,387,500
Good Condition
$4,572,000
Excellent Condition
$4,594,500

About

Unique Investment Opportunity in the Thriving Senior Care Industry

KW Commercial is pleased to present Country Home Assisted Living for sale (real estate and business). This 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. Possibilities include identifying additional income sources and trimming expenses without compromising the quality of the residents experience. For example, a new owner could: increase rates for several below-market rate rooms, institute regular room rate increases, charge for auxiliary services (such as hair salon services, incontinence supplies, and medication management), source more economical suppliers, review payroll and hiring practices to minimize overtime and make staffing more efficient, charge a non-refundable community fee for new residents, and/or lease the lower level at market rates. A new owner could also explore the potential for growth.

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.

General Information

0 beds
0 Sq Ft
Commercial
1976
Active
0 baths
3.27 Sq Ft Lot
2
10 spaces
16 Days on Market

Listing Details

Commercial - HARWOOD, MD
TRENDPA
Bright MLS
MDAA2083386
ListHub
Keller Williams Select Realtors
(410) 972-4000
Hedy L Nelson
hedy@hedynelson.com
(410) 972-4000
(410) 972-4000
3yd-TRENDPA-3297286

Keller Williams Select Realtors
(410) 972-4000
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Features

  • Attic
  • Barbecue Area
  • Basement
  • Deck
  • Disabled Access
  • DBL Pane Windows
  • Fireplace
  • Gated Entry
  • Greenhouse
  • Hot Tub Spa
  • Pool
  • RV Parking
  • Sauna
  • Security System
  • Sprinkler System
  • Vaulted Ceiling
  • Wet Bar
  • Heating Systems
  • New Construction
  • Waterfront
  • Parking:

Nearby Schools

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    Listing Agent

    Hedy L Nelson

    Keller Williams Select Realtors

    (410) 972-4000

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