4187 Solomons Island Rd Harwood, MD 20776

This exceptional investment opportunity presents a 15-bed assisted living facility in Harwood, Maryland, currently operating at 95% occupancy. The property, situated on 3.27 acres, boasts a two-story, 10,430 square foot building constructed in 1976 and extensively renovated between 2011 and 2023. The facility offers all private-pay residents a homelike setting with all rooms conveniently located on the main floor. Amenities include a hair salon, game room, outdoor decks, and a TV room. The property features ample parking and is conveniently located near Annapolis and other Anne Arundel County locations, offering easy access from D.C., Howard County, and Prince George's County. The facility holds a Level 3 High Level of Care license, the highest level available in Maryland, allowing residents to age in place and includes hospice services. With a strong reputation and consistently low vacancy rates, this turnkey operation offers significant value-add opportunities to increase net operating income (NOI). The current NOI is $395,222, resulting in a 10.40% cap rate and a pro-forma cap rate of 16.51%. The asking price is $3,800,000, with a price per square foot of $364.33. The property is zoned AR (Agricultural Residential) and offers potential for additional rental income from the lower level storage space. This presents a rare opportunity for investors seeking a thriving assisted living business and desirable real estate.