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About the Listing CCRL10 - 3068902
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. Per Seller roof was replaced in 2023 and there is a warranty from the roofing company via GAF that will transfer to the new owner. 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.
Listing Highlights for 417 Prince George St
Status
Active
Days on Site
12
Property Type
Commercial Sale
MLS ®
MDPG2224154
Year Built
1930
Total Square Footage
2,784
Lot/Acreage
0.32
County
Prince Georges
School District
Prince George's County Public Schools
Interior Details
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: LAUR
- Roof:
- Others: Major Rehab Needed
- Sewer: Public Sewer
- Parking Features: Unassigned,On Street
Financial Details
- Tax Amount: $10,513
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
417 Prince George St Laurel, MD 20707
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