Laurelwalk Townhomes

Unique Middle-Market Opportunity to Acquire a Portfolio of 9 Townhomes in Laurel

• Consists of 9 townhomes with a mix of (7) 2 Br-2 Ba and (2) 3 Br-2 Ba.

• Typical unit features include black/stainless steel appliances, wood cabinets, formica countertops, in-unit washer/dryers, and carpet/tile flooring.

• Property has a Housing Assistance Payment (HAP) contract in place through August 2027.

Ability to Substantially Increase Rents

• A new owner can evaluate extending the HAP contract beyond 2027 and increasing rents based on the current cost of living adjustment or explore selling the townhomes individually at contract end.
• Opportunity to not renew the HAP contract and lightly renovate all of the units with a suggested scope of granite countertops and LVT flooring, as well as refreshing the bathrooms.
• Comparable properties nearby are achieving rents at least 15% higher than the Subject property.

Excellent Location in Prince George's County

• Suburban location with easy access to Route 295
• Major area employers nearby: NASA Goddard Space Flight Center, Fort Meade, NSA
• Major area colleges nearby: University of Maryland, College Park, Bowie State University

NEIGHBORHOOD SPOTLIGHT: LAUREL

Lauelwalk Townhomes is located in Prince George’s County, situated in a central position within a short drive of prominent employers and plentiful retail.

The property is strategically located between Baltimore and D.C., with a diverse mix of employers, including a large federal government presence and educational institutions. A short drive away are both Laurel MARC and New Carrollton Metro Station, providing residents with seamless transportation to both major metros.

The property is within miles of Fort George G. Meade, Maryland’s largest employment center which hosts over 58,000 employees. The institution is home to several major employers, including the National Security Agency (NSA), Defense Information Systems Agency (DISA), and prominent contractors such as Raytheon, Booz Allen, and Boeing.

Also within a short drive is the University of Maryland College Park (UMD), the state’s flagship university and one of the nation’s preeminent public research universities, enrolling more than 30,000 students. The university is also one of the top employers in the area, with 18,726 employees. Other area colleges include Prince George’s Community College, which enrolls 11,805 students, and Bowie State University, which enrolls 5,308 students.

Additional local employers include NASA Goddard Space Flight Center (10,000 Employees) and Johns Hopkins University Applied Physics Lab (8,000 Employees).