Laurel34

Laurel, Maryland

Description

Completely renovated in 2021-2023 (over $1.275M spent), Laurel34 is a 34-unit community in the historic district of Laurel, Maryland

Ownership at Laurel34 transformed the 34 units built in 1949, 1957, and 1988 by investing gut renovating the interiors, overhauling the exteriors, and modernizing the common areas. 

The extensive unit renovations include new kitchens, bathrooms, and flooring. The kitchens are complete with cabinet replacements, quartz and granite countertops and breakfast bar, new stainless steel appliances, added disposals, water conservation program, and new fixtures. 

The properties also feature new roofs, new assigned parking lots, new windows, HVACS, new boiler and hot water heater, gutters and downspouts, exterior and interior painting, new common area halls and stairs, new laundry facilities, new trash enclosures and all new landscaping. 

Location-wise, there are over 100 shops and Laurel MARC Train within walking distance. The portfolio sits right on the highly desired Main Street of historic Laurel at the Prince George’s County and Howard County line. This provides convenient access to I-95, Route 216, Route 1, BW Parkway, MD-200 (InterCounty Connector) and walking distance to the Laurel MARC train, making the Laurel34 a unique and valuable investment opportunity.