515 APPLE GROVE RD, Silver Spring, MD 20904

Property Description

TURNKEY ASSISTED LIVING FACILITY | OFFERED AT $1,200,000 11 Years in Operation | Real Estate + Business | Fully Staffed & Furnished This isn't a project. It's a business that's already running. An established, private-pay assisted living facility is available for the first time in 11 years. The sale includes the real estate (appraised at $800,000 as of June 1, 2026), the business (estimated at $400,000), all furnishings, existing staff, and a comprehensive vendor list. Walk in, take over, keep going. THE NUMBERS Offering Price: $1,200,000 Real Estate Appraised Value: $800,000 (June 1, 2026) Business Value Estimate: $400,000 Rooms/Occupancy: 8 private rooms, 6 occupied (2 available: one upper level, one lower level) Monthly Rate Per Room: $6,800 to $7,500 At Full Occupancy: Up to $60,000 per month gross THE PROPERTY All-brick residence on 1.2 to 1.3 acres with a spacious deck and outdoor areas. Warm and inviting with a true home-like setting that residents and families notice immediately. Ample windows throughout bring in natural light on both levels. The lower level features full-size windows and a temperature-controlled environment. Plenty of storage including a dedicated linen closet. The upper level holds 6 private rooms including a Jack & Jill bath configuration where 2 rooms share 1 full bath. The lower level has 2 additional private rooms. All 8 rooms are pre-wired for cable. Common areas include a comfortable living and sitting room, dining room, 4 full bathrooms all recently renovated, and a powder room for staff and visitors. RECENT RENOVATIONS Laminate flooring in the main area and lower level (2026), kitchen cabinet repaint with all new hinges (2026), large bath remodel with new vanity (2026), full interior repaint (2024), new HVAC unit (2024), driveway resurfaced (2024), hall bath remodel (2022), new roof (2021). EQUIPMENT AND SYSTEMS Whole-house generator, commercial washer under 3 years old, gas furnace, gas cooktop, gas hot water heater (installed 2002, heating element replaced approximately 5 years ago), 2 refrigerators, chest freezer, and ample storage throughout. SAFETY Fire sprinkler system with its own dedicated room, monitored fire alarm connected directly to the fire department, video surveillance throughout the property, BGE Home service contract in place, and all fireplaces decommissioned. OPERATIONS 8 employees and 1 supervisor currently in place. Two caregivers cover each 12-hour day shift from 8 AM to 8 PM, with bi-weekly housekeeping. A full vendor list transfers with the sale. LICENSING AND TRANSITION Active license in place with renewal due in May. Buyer may operate under the existing license during the approximately 3-month transfer period. A fire inspection is required. LLC ownership details are available upon request. Most listings in this category offer a building or a business, rarely both. This one delivers both, backed by 11 years of operating history, a trained team already in place, two rooms ready to fill immediately, and a private-pay model that commands premium rates in one of the most in-demand segments of senior housing. Confidential financials and full operational records are available to qualified buyers. Reach out today to request the NDA and schedule a private showing!

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 5:16PM

Listing Office:

Cummings & Co. Realtors : 4108230033

Listing Agent:

Thomas B Maley : 4102743326

MLS ID:

MDMC2242844

Interior

• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: Other32"+ wide DoorsGrab Bars ModMobility Improvements

Construction

• Roofing: Shingle
• General: BrickBlock

Location

• Originating MLS: BRIGHT_MAIN
• School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
• County: MONTGOMERY-MD

Lot

• Zoning: RE1160500304650

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN