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501 Main St
Laurel, MD 20707
Selborne House of Laurel · Multifamily Property For Sale
·
126 Units
Investment Highlights
- 4% Acq/Rehab: Owned for 10+ years and located in QCT (Qualified Census Tract)
- Operational Upside: Rents average below comps
- OFFERS DUE: July 14
- 4% Acq/Rehab: TOD - Located less than 1/3 mile from Laurel MARC station (Walk Score of 86)
- Operational Upside: Rent restrictions expire 2028
Property Facts
| No. Units | 126 | Building Size | 97,385 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1998 |
| Building Class | B | Parking Ratio | 0.52/1,000 SF |
| Lot Size | 1.89 AC | ||
| Zoning | LAUR - C-V—Commercial Village Zone in the City of Laurel | ||
| No. Units | 126 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.89 AC |
| Building Size | 97,385 SF |
| Average Occupancy | 97% |
| No. Stories | 4 |
| Year Built | 1998 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | LAUR - C-V—Commercial Village Zone in the City of Laurel |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Carpet
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Office
- Patio
- Porch
- Recreation Room
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Security System
- Disposal Chutes
- Gameroom
- Wheelchair Accessible
- Media Center/Movie Theatre
- Planned Social Activities
- Shuttle to Train
- Recycling
- Walking/Biking Trails
- Storage Space
- Conference Rooms
- Elevator
- Grocery Service
- Lounge
- Multi Use Room
- Sundeck
- Vision Impaired Accessible
- Public Transportation
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 447 - 452 |
| 1+1 | 122 | - | 612 - 700 |
Property Taxes
| Parcel Number | 10-3119906 | Improvements Assessment | $2,570,400 |
| Land Assessment | $2,060,300 | Total Assessment | $4,630,700 |
Property Taxes
Parcel Number
10-3119906
Land Assessment
$2,060,300
Improvements Assessment
$2,570,400
Total Assessment
$4,630,700
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