A generous layout of 12 bedrooms, 3 full bathrooms, and 1 half bath, this home is ideally suited for an Assisted Living Facility. It comes with a current assisted living CFO license, making it a prime opportunity for those looking to invest in the healthcare sector or expand their portfolio with a property designed to meet the needs of a thriving assisted living facility. Nestled in the heart of Baltimore, MD, at 3333 Alto Rd, 21216, this expansive property, boasting over 4,700 sq ft of living space, is currently on the market for $740,000. This facility is uniquely positioned to accommodate up to 16 residents, with a potential revenue of approximately $3800 per person per month if operated as an assisted living facility. This offers an excellent investment opportunity with significant income potential in the growing sector of residential care.The house is equipped with essential features for comfort and safety, including chair lifts, a comprehensive sprinkler system, and a water storage system, ensuring a secure and convenient environment for residents and operators alike. Furthermore, the property is already metered for 3 separate units, offering the flexibility to accommodate multiple residents or tenants with ease and efficiency. Whether you're looking to step into the assisted living business or searching for a large, versatile property in Baltimore, 3333 Alto Rd presents a unique and valuable opportunity
Listed by:
RE/MAX Advantage Realty
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Oct 16, 2024 | 20 days ago | Price decreased40,000 (7%) | $500,000 |
Oct 3, 2024 | 1 mo ago | Price decreased100,000 (16%) | $540,000 |
Jul 31, 2024 | 3 mos ago | Price decreased35,000 (5%) | $640,000 |
Jul 9, 2024 | 4 mos ago | Price decreased25,000 (4%) | $675,000 |
Jun 18, 2024 | 5 mos ago | Price decreased20,000 (3%) | $700,000 |
Jun 6, 2024 | 5 mos ago | Price decreased20,000 (3%) | $720,000 |
Apr 15, 2024 | 7 mos ago | New on market | $740,000 |