Licensed Assisted Living
1810 Landrake Road Towson, MD 21204
For Sale
$1,900,000
Licensed assisted living facility with 16 beds and 11 bathrooms, featuring elevator access and an on-site manager residence.
Lot Size1.40 Acres
Days on Market832
Property Features for 1810 Landrake Road
General Information
Standard status
Active
Lot size
1.40 Acres
Property subtype
Commercial
Building Details
Year Built
1902
Listing Agency:
Ghimire Homes
(410) 497-5238
Listed By:
Ishwar Nick Adhikari
Source:
Deepcreeklake
Added: Apr 17, 2024
Changed: Jul 25
Last Checked: Jul 26 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ghimire Homes
Investment Insights
Based on property information with market context.
This offering is a licensed assisted living facility configured for 16 beds and 11 bathrooms. The property includes an on-site manager/owner residence and elevator access. The facility has undergone recent capital improvements, including updated electrical systems, new or upgraded HVAC, hot water system updates, roof improvements, and driveway enhancements.
The seller notes the facility is currently operating below capacity due to absentee ownership, with occupancy described as approximately 50%. The presentation highlights a potential value-add approach tied to capacity and occupancy improvement, subject to OHCQ and County approval.
For qualified buyers, proof of funds or lender pre-approval is required to obtain additional information, and an NDA is required for detailed financials and disclosures. This is a pro-forma, value-add opportunity and the projections are not guaranteed, with buyers advised to conduct independent due diligence, including verification of licensing and property details.
The seller notes the facility is currently operating below capacity due to absentee ownership, with occupancy described as approximately 50%. The presentation highlights a potential value-add approach tied to capacity and occupancy improvement, subject to OHCQ and County approval.
For qualified buyers, proof of funds or lender pre-approval is required to obtain additional information, and an NDA is required for detailed financials and disclosures. This is a pro-forma, value-add opportunity and the projections are not guaranteed, with buyers advised to conduct independent due diligence, including verification of licensing and property details.
Key Highlights
- Licensed assisted living facility with capacity for 16 beds and 11 bathrooms
- Currently operating at about 50% occupancy with an average market rate cited as $4,000–$7,000/month per resident (avg. $5,500)
- Pro‑forma full occupancy revenue projected at $88,000/month ($1,056,000 annually)
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Arden Courts - ProMedica Memory Care Community (Towson) — 8101 Bellona Ave, Towson, MD 21204
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed assisted living facility with 16 beds and 11 bathrooms, featuring elevator access and an on-site manager residence.
Where is this assisted living facility located?
The property is located at 1810 Landrake Road Towson, MD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Licensed assisted living facility with capacity for 16 beds and 11 bathrooms; Currently operating at about 50% occupancy with an average market rate cited as $4,000–$7,000/month per resident (avg. $5,500); Pro‑forma full occupancy revenue projected at $88,000/month ($1,056,000 annually)
