2831, Montebello Terrace, Lauraville, Baltimore, Maryland, 21214, United States
For Sale
$2,700,000
Property ID :
RH-26592-property
Purchase these assisted living business assets together and achieve 47 beds in one transaction. This actively operating business has dedicated, long term staff who wish to stay. 2831 Montebello, licensed for 12 beds, is situated on a quiet, tree-lined street in Lauraville. 2926 Harford, a plus-sized, institutional facility with 35 beds, overlooks Clifton Park Golf Course in Coldstream Montebello.
2831 Montebello is a converted single family home sitting on a large, welcoming lot with mature landscaping. This building has a spacious common area and large dining area on the main floor. Residents enjoy bright, sunlit rooms year round with private and semi private rooms with large replacement windows on all levels. The kitchen features a 30″ range, built in microwave, dishwasher and stainless sink. Laminate floors throughout provide for easy maintenance and clean-up. Baths have been optimized to feature walk/roll in showers, modern vanities and a mix of private toilet stalls.2926 Harford Road was originally built as a drug treatment facility and is classified as a commercial assisted living facility. With 4 stories, 10″+ ceilings on above grade levels, and plenty of storage and office space in the lower level. Equipped with a commercial kitchen, including 8 burner gas range, hood, Ansul system; equipment is stainless steel. Chefs on staff have access to both the full sized walk in refrigerator and freezer. There are private and semi-private rooms on all 4 levels. Resident baths on the second and third floor feature 3 vanities, 3 walk in shower stalls, 1 tub and 3 private toilet stalls. The lower level bath is equipped for roll in showers and lift access. Each facility is equipped with a high quality Bruno stairlift and wheelchair accessible ramps on the exterior.
2831 Montebello has a gas-fired steam boiler with radiator distribution. Window AC units provide comfort during the summers. 200-amps supply the building, and has a commercial grade sprinkler system with tandem 500-galon supply tanks. 2926 Harford Road has gas-fired forced air systems on each floor, with central air conditioning. 800-amps supply the building, with a backup Generac generator. This building has a commercial sprinkler system and institutional staircase for egress.
Discover a thriving community effort in the heart of Baltimore City’s northeast corridor. Local neighborhood associations are united in their mission to elevate the quality of life in these vibrant communities. In this dynamic Baltimore City region, the boomer generation is a significant part of the population. As they gracefully age, the demand for top-notch healthcare services and senior care options is on the rise. The availability and accessibility of senior healthcare have emerged as crucial considerations for our cherished boomer generation, both locally and nationwide. Continue owning and operating this portfolio into its third generation of ownership and take this investment opportunity to unprecedented heights.
Conventional Financing:
$2,700,000
$57,447 Per Bed
13.44% Cap Rate
23.5% Cash-on-Cash Return
SBA 7A Financing:
$2,700,000
$57,447 Per Bed
13.44% Cap Rate
31.6% Cash-on-Cash Return
SBA 504 Financing:
$2,700,000
$57,447 Per Bed
13.44% Cap Rate
34% Cash-on-Cash Return
Call Cheryl Sadera to discuss this unique opportunity today. 410-235-9600
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
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