Ground-Level Residential Income
New
For Sale
$225,000
105 WATER FOUNTAIN WAY Unit 102, Glen Burnie, MD 21060
Interior improvements include a remodeled kitchen and bathroom, refreshed flooring, replacement windows and doors, and fresh paint.
Property Size789 SF
Days on Market5
Property Features for 105 WATER FOUNTAIN WAY Unit 102
General Information
Standard status
Active
Size
789 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,457
Building Details
Building Size
789 SF
Year Built
1999
Listing Agency:
Coldwell Banker Realty
Listed By:
Erica M Washington · License #0659941
(443) 956-2660
Source:
Thehulsmangroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This ground-floor condominium was built in 1999 and opens to a walk-out patio. Interior updates include new flooring, a remodeled kitchen and bathroom, fresh paint, replacement windows and interior and exterior doors, and new blinds. The layout is described as spacious, with ground-level access.
Water and sewer are covered by the condo fee. A one-year Constellation Home Protection Plan is included with the sale.
Water and sewer are covered by the condo fee. A one-year Constellation Home Protection Plan is included with the sale.
Key Highlights
- Ground‑level condo with a walk‑out patio
- Built in 1999
- Remodeled kitchen and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,648
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,960
$213.0K
Cap Rate 7%
$152,114
$152.1K
Cap Rate 9%
$118,311
$118.3K
Market Conditions
NOI Build-Up for 789 SF
Gross rent
$20.6K $26.16/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$19.4K $24.54/SF
− OpEx
−$8.7K −$11.04/SF
NOI
$10.6K $13.50/SF
Area
Anne Arundel County, MD
Vacancy
6.20%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,960
Cap Rate 7%
$152,114
Cap Rate 9%
$118,311
Alternative Uses
Best Use
Apartment 5plus
$152.1K
$133.1K – $177.5K
NOI $10,648 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.8K
$202.0K – $269.3K
NOI $16,156 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 21060, MD
38,269
Population
15,988
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
2,944
Density / Sq Mi
$99,739
Median Household Income
$57,005
Median Earnings
$1,620
Median Rent
$352,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Interior improvements include a remodeled kitchen and bathroom, refreshed flooring, replacement windows and doors, and fresh paint.
Where is this residential income property located?
The property is located at 105 WATER FOUNTAIN WAY Unit 102 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Ground‑level condo with a walk‑out patio; Built in 1999; Remodeled kitchen and updated bathroom
