417 Prince George St, Laurel, MD 20707

Property Description

Investor special in the heart of Laurel. An opportunity for investors, contractors, or buyers looking to take on a substantial renovation project and unlock the potential of a 5-unit multifamily property. This property features five separate units, each offering one bedroom and one full bathroom plus living space. A common entrance services all units. The first floor has two units and second floor has two units. The building requires extensive repairs and renovation, offering an opportunity for a buyer to reimagine the property with a nod to its historic charm and features, and add value through improvements. Value adds could include coin-operated laundry for the tenants in the basement, storage space rentals, adding off street parking pending local government approval and more pending approval. Situated in historic downtown Laurel, residents can enjoy convenient access to local shops, restaurants, parks, public transportation, and commuter routes. With its established location and five-unit configuration, this property presents an opportunity for an investor with vision to undertake a renovation and explore its long-term income-producing potential. With all five units vacant, a new owner can evaluate the property as a whole and plan renovations with their investment strategy in mind. Bring your contractor, evaluate the possibilities, and envision the potential.