602 Montgomery Street
Laurel, MD 20707
MLS #PG9616613

Commercial
    $719,900
    Est. P&I payment: $2749.53/mo
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    Description for 602 Montgomery Street, Laurel, MD 20707
    Investors, own this fully leased 2-story building with retail/office space on main floor and 3 apartments on second floor. Main floor is occupied by a dry cleaner and apartments are occupied by tenants with leases of varying lengths. Monthly income from rentals is $4550. Estate sale, for sale "As Is". 24-hour notice required. Must purchase lot at 603 Park Avenue for a combined price of $789,900.
    MLS #PG9616613
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    My Notes for MLS #PG9616613

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Warehouse,​Retail,​Office
    • Comm Industrial Misc: Display Window,​Showroom
    • Zoning Code: R20

    Exterior Features

    • Exterior: Brick
    • Roof: Tar & Gravel
    • Stories: 2
    • Lot Area Acre: 0.161226
    • Lot Size Area: 7,023
    • Water Front: N
    • Parking Included In List Price: Y
    • Parking: Drvwy/Off Str,​Street

    Interior Features

    • Gross SQFT: 6,185
    • Leasable SQFT: 6,185
    • Net SQFT: 6,185
    • Floor: Vinyl
    • Entry Level: 1st Floor

    Utilities Features

    • Cooling Fuel: Electric
    • Cooling: Central Air Conditioning,​Window Unit(s)
    • Heating Fuel: Oil
    • Heating: Forced Air
    • Hot Water: Electric
    • Metering: Electricity is sep,​Heat is Common
    • Sewer Septic: Public Sewer
    • Water: Public

    Financial Features

    • Price Per Square Foot: 121
    • Total Taxes: 9,704.39
    • Total Taxes Payment Freq: Annually
    • City Town Tax: 3,379.6
    • City Town Tax Payment Freq: Annually
    • County Tax: 4,517.24
    • County Tax Payment Freq: Annually
    • Tax Year: 2015
    • Improvement Assessment Amount: 358,800
    • Improvement Assessment Payment Freq: Annually
    • Land Assessment Amount: 117,200
    • Land Assessment Payment Freq: Annually
    • Total Assessment: 476,000
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2016
    • Refuse Fee: 1,065.06
    • Special Tax Assessment: 972.81
    • Special Tax Assessment Payment Freq: Annually
    • Rent Income: 54,600
    • Gross Income: 54,600
    • Monthly Gross Rent: 4,550
    • Property Net Operating Income: 35,482
    • Additional Income Sources: Apartment Rentals,​Shop rentals
    • Seller Desires: Cash
    • Rental Year: 2015
    • Expenses: 19,117.9

    Community Features

    • City: 10000043923
    • County: Prince Georges
    • HOA: N
    • Vacation Home: N
    • Roads: Black Top,​City/County
    • Transportation: Commuter Rail - 1 Mile,​Metrorail Bus - 1 Mile,​Public Bus Service
    • Advertised Subdivision: LAUREL PARK
    • Tax Legal Subdivision: LAUREL PARK

    Misc Features

    • Property Condition: As-is condition,​Shows Well
    • Year Built: 1947
    • Occupied: Yes
    • Tenancy: Lease terms Mixed
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No
    • Tenant Rights: Tenant - Notified
    • Development Status: Zoned
    • Present Use: Dry Cleaner,​Multi Residential
    • Master Plan Zoning: C
    • Pass Through: No

    Location

     
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    The listing information for 602 Montgomery Street, Laurel, MD 20707 was graciously provided by our friends at the listing brokerage, Long & Foster Real Estate, Inc.

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    P&I Payment $2749.53
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    Last Updated 04/22/2018 at 2:49am
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