Property summary
This exceptional property, located at 37 Willow in the heart of Towson, Maryland, presents a unique opportunity in the assisted living market. The house is fully equipped and currently licensed to operate as a five-bed assisted living facility, offering immediate income potential. However, the property's zoning allows for expansion, with the possibility of increasing capacity to seven beds, significantly enhancing revenue prospects. The building boasts ample parking, ensuring convenient access for residents, visitors, and staff. Accessibility features are a key highlight, including a ramp and handicap-accessible showers, catering to the needs of a diverse resident population. A comprehensive sprinkler system is installed throughout the property, providing essential fire safety and protection. Beyond the main living areas, a finished basement offers versatile space, ideal for resident entertainment or as staff quarters, adding to the operational efficiency of the facility. The 0.23-acre lot provides sufficient outdoor space. Showings are strictly by appointment only, allowing for a focused and informative presentation of this exceptional investment opportunity. This turnkey operation is ready for a new owner to continue its success or expand its services. The property is situated in a desirable Towson location, offering easy access to local amenities and services.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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