306 1/2 Montgomery St, LAUREL, MD

$674,900

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10

Beds

5

Baths

4,840

Square feet

0.31

Acres

About 306 1/2 Montgomery St

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 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 taking proper steps for confidentiality. 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.

Features of 306 1/2 Montgomery St

MLS® # MDPG2215350
Price $674,900
Bedrooms 10
Bathrooms 5.00
Full Baths 5
Square Footage 4,840
Acres 0.31
Year Built 1900
Type Residential
Sub-Type Detached
Style Traditional
Status Active

Community Information

Address 306 1/2 Montgomery St
Subdivision TALBOTT ESTATES
City LAUREL
County PRINCE GEORGES-MD
State MD
Municipality Laurel
Zip Code 20707

Amenities

Parking Paved Parking, Private, Unassigned
View Street, Trees/Woods
Is Waterfront No

Interior

Appliances Refrigerator, Stove
Heating Radiator
Cooling None
Has Basement Yes
Basement Full, Interior Access, Outside Entrance, Side Entrance, Unfinished, Walkout Stairs, Windows
Fireplace No
# of Stories 3
Stories 3

Exterior

Exterior Brick
Lot Description Backs to Trees, Cleared, Private, Rear Yard
Roof Flat, Architectural Shingle
Construction Brick
Foundation Concrete Perimeter, Brick/Mortar

School Information

District PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Elementary LAUREL
Middle DWIGHT D. EISENHOWER
High LAUREL

Additional Information

Zoning LAUR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomeSmart

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