Harbor Stone Advisors has been awarded the assignment to market Laurelwalk Townhomes, a portfolio of nine townhomes situated within the same community in Laurel, MD. Harbor Stone Advisors President, Justin Verner, Director, Brooks Healy, Senior Advisor, Tom Wohlgemuth, and Advisor, Kevin Landolphi are marketing the property.
The property, located at 11555 Laurelwalk Dr., features (7) 2 Br-2 Ba and (2) 3 Br-2 Ba townhomes. Current ownership previously renovated all of the units in 2014 and typical unit features consist of black/stainless steel appliances, wood cabinets, formica countertops, in-unit washer/dryers, and carpet/tile flooring. The property also has a Housing Assistance Payment (HAP) contract in place through August 2027.
The property represents an array of opportunities. A new owner may evaluate extending the HAP contract beyond 2027 and increasing rents based on the current cost of living adjustment, or not renew and lightly renovate the units in order to increase rental revenue. A new owner may also explore selling the townhomes individually at contract end, as the current market indicates strong potential with other two- and three-bedroom townhomes in the community selling for an average of $236,000.
Located in Laurel, the property is situated in prime position for commuters, proximal to many of Maryland’s largest employers. Residents have easy access to route 295, and are within a short commute of Fort Meade (58,000 daily employees and home of NSA headquarters), NASA Goddard Space Flight Center (3,000+ employees), and Bowie State University (6,000+ students and 1,000+ employees). Retail and transit options are also plentiful, as a MARC station, metro station, and several large shopping centers are within a short drive of the property.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the MidAtlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com.
