11555 Laurelwalk Dr Laurel, MD 20708

Laurelwalk Townhomes is a portfolio of 9 townhomes located within the same community in Laurel, MD. The property is near Route 295 and within 12 miles of Fort Meade, NASA Goddard Space Flight Center, and the University of Maryland, College Park. The property consists of 7 units with 2 bedrooms and 2 bathrooms, and 2 units with 3 bedrooms and 2 bathrooms. Typical unit features include black and stainless steel appliances, wood cabinets, formica countertops, in-unit washer and dryers, and carpet and tile flooring. All of the units were previously renovated in 2014 and the plumbing was updated. The property also has a Housing Assistance Payment (HAP) contract in place through August 2027 and scored a 91 on the 2025 NSPIRE inspection, qualifying the property for reduced inspection frequency (once every 3 years). The property presents an opportunity for a new owner to extend the HAP contract and increase rents based on the current cost of living adjustment. The current owner has not increased the rents in over 10 years. A new owner can also evaluate not renewing the HAP contract and lightly renovating all of the units. Comparable properties with granite countertops and LVT flooring are currently achieving rents at least 15% higher. Additionally, a new owner can explore selling the townhomes individually at contract end. Other two- and three-bedroom townhomes in the community selling for an average of $250,000.