$100k price reduction.... Bring your offers! Introducing a prime investment opportunity at 120 Second Street, Laurel, MD. This beautifully renovated 5,616 SF building, constructed in 1900 and modernized in 2020, boasts 6 units, ideal for a discerning Multifamily / Low-Rise/Garden investor. Zoned CG and strategically located in the sought-after Laurel area, this property offers a lucrative rental potential and a strong foundation for long-term growth. Don't miss the chance to add this exceptional asset to your portfolio and capitalize on the thriving real estate market. This property includes 5 residential units and 1 commercial unit. Building has special zoning exemption. Situated on RT 1 where 30,000 cars pass by each day. 100% Occupied. Most units are rented below market- value add opportunity.
Laurel is located in Maryland. Laurel, Maryland has a population of 29,438. Laurel is more family-centric than the surrounding county with 32.66% of the households containing married families with children. The county average for households married with children is 26.76%.
The median household income in Laurel, Maryland is $85,615. The median household income for the surrounding county is $91,124 compared to the national median of $69,021. The median age of people living in Laurel is 35.6 years.
The average high temperature in July is 87.8 degrees, with an average low temperature in January of 23.7 degrees. The average rainfall is approximately 44.5 inches per year, with 13.2 inches of snow per year.
