265 Laurel Street

Description

8 UNIT in a great location, well maintained, low price per unit. Built in 1961, this 2-story brick building with interior hallways has 7 one-bedroom units and 1 studio unit, all have newer double pane windows and 5 of the 8 units have been updated with vinyl plank flooring, updated kitchens & bathrooms. The common area hallways have renovated with newer vinyl plank flooring and LED lights for a cleaner look. There is an income producing laundry facility located on the lower level. There are 8 off-street parking spaces in the rear of the property, and the parking lot was completely resurfaced in 2025. The entire electrical system was upgraded in 2025, all new electrical panels and conduit to each unit have been added. All units are individually metered for electricity, paid directly by the residents. Gas and water is master metered and currently paid by the owners. The building is heated by a central boiler and there are 2 water heaters providing domestic hot water replaced in 2021 and 2025. The property consists of 0.22 acres and the exterior landscaping is conveniently maintained by a sprinkler system. 265 Laurel Street offers strong rental appeal due to its historically strong occupancy, central location, and proximity to major employers, retail, recreation, and quality schools. The value-add potential is also a strong incentive to any potential buyer with the ability to continue the renovations to the remaining three units and increase rent growth. Contact agent for marketing package and financials.