Pending

MLS MDMC2242844

515 Apple Grove Road

Silver Spring, Maryland 20904

$1,200,000Price
3,222Sq ft

About this property

TURNKEY ASSISTED LIVING FACILITY | OFFERED AT $1,200,00011 Years in Operation | Real Estate + Business | Fully Staffed & FurnishedThis 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 NUMBERSOffering Price: $1,200,000Real Estate Appraised Value: $800,000 (June 1, 2026)Business Value Estimate: $400,000Rooms/Occupancy: 8 private rooms, 6 occupied (2 available: one upper level, one lower level)Monthly Rate Per Room: $6,800 to $7,500At Full Occupancy: Up to $60,000 per month grossTHE PROPERTYAll-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 RENOVATIONSLaminate 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 SYSTEMSWhole-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.SAFETYFire 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.OPERATIONS8 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 TRANSITIONActive 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!

Property details
Style
Five Or More Units
Year built
1956
Lot size (acres)
1.12
County
Montgomery
Interior
Heating
Forced Air
Heating fuel
Natural Gas
Cooling
Central A/C
Exterior & construction
Construction
Brick
Foundation
Block
Parking
Driveway
Parking spaces
4
New construction
No
Utilities
Water
Public
Sewer
Public Sewer
Waterfront
No
Water view
No
Financial
Annual taxes
$8,145
Assessed value
$633,200
Year assessed
2026
Ownership
Fee Simple
Listing courtesy of Cummings & Co. Realtors (410) 823-0033
© 2026 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Cummings & Co. Realtors. Data last updated on Tuesday, August 25th, 2026 06:49:38 PM.
Data services provided by IDX Broker

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