CASH-FLOWING 5-UNIT VALUE-ADD OPPORTUNITY IN THE CITY OF LAUREL HISTORIC DISTRICT An opportunity for the investor looking for income today with room to create additional value tomorrow. 306 1/2 Montgomery Street is an established five-unit multifamily property (apartment building) featuring five 2-bedroom, 1-bath apartments, with four units currently occupied and… Read More one vacant. Large lot with rear parking. The property is currently cash-flowing and consistent property management has been in place for years - providing an incoming owner with an established operational foundation from day one. This is not being positioned as a fully renovated or turnkey asset. It is a value-add opportunity for an investor who recognizes the potential in improving an already income-producing property over time. Two of the four occupied units have received kitchen updates, while additional improvements throughout the building provide an opportunity to further enhance the property, rents, and long-term asset value. Unit 5 is currently vacant and represents the most immediate opportunity for renovation and repositioning. Interior photos shown in the listing are of Unit 5 only. Individual units have different interior layouts and flow, and the condition and improvements vary by unit. For investors who prefer to evaluate the numbers before pursuing an opportunity, a selling portfolio is available to qualified buyers and includes property financials, existing leases, rent information, and additional photographs of the occupied units. To respect tenant privacy and minimize unnecessary disruption, this information will be made available upon request to buyers who provide proof of funds or appropriate financing approval. Located in the City of Laurel Historic District with access to the Baltimore-Washington corridor, major commuter routes and a strong surrounding employment base, this property offers the combination value-add investors look for: existing income, established tenancy and management, a vacant unit ready for improvement, and additional opportunity to strengthen performance over time. Acquire the income that is already in place - and bring your strategy for what comes next. Do not disturb tenants. Read Less
Courtesy of India Hall, HomeSmart 301-352-4065
Listing Snapshot
Days Online
11
Last Updated
Property Type
Single Family Residential
Beds
10
Full Baths
5
Square Ft.
4,840
Lot Size
0.31 Acres
Year Built
1900
MLS Number
MDPG2215350
Additional Details
Appliances & Equipment
Refrigerator, Stove
Basement
Full, Interior Access, Outside Entrance, Side Entrance, Unfinished, Walkout Stairs, Windows
Building
Built in 1900, Living area: 4840, 3 stories, Levels: 3, Construction Materials: Brick
Cooling
None
Accessibility Features
None
Foundation
Concrete Perimeter, Brick/Mortar
Heating
Radiator
Lot
0.31 acres, Backs to Trees, Cleared, Private, Rear Yard
Parking
Paved Parking, Private, Unassigned
Property
Other structures: Above Grade, Below Grade, Street, Trees/Woods
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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