Secure ownership of 2 established assisted living facilities, expertly maintained and complete with a dedicated staff. . Each property sits on a large parcel of land, attracting new residents. With 78% occupancy, these assisted living facilities are ready to be brought to full occupancy by the next generation of ownership. Located just 1.5 miles apart, the facilities can easily share staff and supplies. Level 3 ALF’s offer a higher level of care and support.
Inside Features of These Facilities:
Both homes sit on large, inviting grounds with mature landscaping. Off-street parking adds convenience for the patients’ family and friends, as well as staff. Room sizes in the two buildings allow for a total of 8 private rooms and 11 semi-private rooms, for a total of 32 beds. The main levels features spacious common areas for residents and half bathrooms for visitors. Kitchens are equipped with 30″ ranges, built-in microwaves, dishwashers and stainless sinks. Laminate flooring is easily maintained and cleaned as needed. Each home is three stories, with large rooms and vinyl replacement windows throughout. Bathrooms have been optimized for assisted living and feature walk-in showers, modern vanities, and private toilet stalls.
These Baltimore City Assisted Living Facilities have window air conditioning units to keep residents cool and oil-fired boilers with radiator distribution, which provides a nice, dry heat throughout the home. 200 amps supply each property. High-quality Bruno stair-lifts and wheelchair accessible ramps are up to code. Each home is equipped with a commercial sprinkler system, served by tandem 500-gallon supply tanks.
What is Great About the Location of These Properties and Why Assisted Living?
Local neighborhood associations, such as Arcadia, Westfield, Lauraville, and North Harford Road Community are working consistently and collaboratively to continue improving the north east corridor of Baltimore City. In the Baltimore City region, the boomer generation represents a substantial portion of the population. With the aging of the boomers, there is an increasing demand for healthcare services and senior care options. The availability and accessibility of senior healthcare have become important considerations for the boomer generation in the area, and nationwide. In 2022, $3,500,000 was spent on assisted living within the immediate area, according to consumer spending reports.
Conventional Financing: $1,800,000 $56,250 Per Bed 13.63% Cap Rate 24.3% Cash-on-Cash Return
SBA 7A Financing: $1,800,000 $56,250 Per Bed 13.63% Cap Rate 32.9% Cash-on-Cash Return
SBA 504 Financing: $1,800,000 $56,250 Per Bed 13.63% Cap Rate 35.2% Cash-on-Cash Return
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”.