Laurel MD Real Estate & Commercial for Sale

OWNERS ARE READY TO PASS THE TORCH ON TO ANOTHER SUCCESSFUL BUSINESS/INVESTOR THRIVING IN THE LAUREL AREA. THIS IS A LUXURY 9 UNIT CONDO BUILDING WITH GREAT POTENTIAL OF MAKING LOTS OF MONEY OR TO RUN A BUSINESS IN A QUIET, PRISTINE, WELL KEPT, MANICURED BUILDING. THIS PROPERTY IS LOCATED NEAR LAUREL TOWN CENTRE - CONVENIENT TO ALL SHOPPING, DINING AND TRANSPORTATION. THIS BUILDING IS TOTALLY SECURED WITH DIGITAL PAD LOCKS

Buyer can occupy all or Seller is willing to lease back second floor. Three separate HVAC zones upstairs and two downstairs. All of the units have been replaced since 2002. Also added a propane powered backup generator wired to a circuit panel that supports a selective number of building lights and utilities. Two kitchens have refrigerators, microwaves and sinks. Second floor kitchen also has an electric stove. Four half bathrooms and one full bathroom (shower). The toilet on one upstairs bathroom was replaced this year. Building is wired for internet and building phones. A new commercial roof was installed in November, 2021. On the first floor a building modification with new internal entry door, office doors, carpet, select walls was done in 2018.

Recently Renovated, New flat roof, new 8 unit HVAC, New Planum ceiling, new bathrooms, private rooms , food prep area,4,800 sq feet almost open space. back door for deliveries Current tenants are a Church with 3 years remaining on the initial term of lease. Annual rent is $94,000 per year , Cap rate 6%. Tenant pays all utilities. GREAT INVESTMENT! Weekday showing only!!!