Ground-Level Residential Income
For Sale
$189,500
109 WATER FOUNTAIN WAY Unit 102, Glen Burnie, MD 21060
Updated interior with private patio access, stainless appliances, and shared recreation amenities.
Property Size801 SF
Days on Market86
Property Features for 109 WATER FOUNTAIN WAY Unit 102
General Information
Standard status
Active
Size
801 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,175
Building Details
Building Size
801 SF
Year Built
1999
Listing Agency:
Sell Your Home Services
Listed By:
Daniel J. Demers · License #5004796
(888) 219-3009
Source:
Thehulsmangroup
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 7 at 6:28PM
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 Sell Your Home Services
Investment Insights
Based on property information with market context.
This residential income unit occupies the ground level and provides walkout access through a private patio as well as the main entrance. The interior has undergone comprehensive updates, including new kitchen flooring, cabinetry, countertops, sink, faucets, appliances, window treatments, and a remote-control ceiling fan. The bathroom includes refreshed cabinetry, mirrors, paint, and plumbing fixtures. New flooring, paint, carpeting, closet doors, and window treatments extend through the living area and bedrooms, while the laundry closet includes a washer and dryer. Cement underlayment beneath the floor adds a firm, quiet surface. Built in 1999, the main building also has a new exterior. Community amenities include an outdoor pool, tennis courts, and a playground. The property is near shopping, restaurants, Ritchie Hwy, Rt 10, and 695.
Key Highlights
- Ground‑level, first‑floor walkout unit with entry from a private patio or main entrance
- Comprehensive interior updates include kitchen, bath, living area, bedrooms, and laundry closet
- Kitchen includes new appliances, stainless sink, cabinetry, countertops, faucets, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,810
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,200
$216.2K
Cap Rate 7%
$154,429
$154.4K
Cap Rate 9%
$120,111
$120.1K
Market Conditions
NOI Build-Up for 801 SF
Gross rent
$21.0K $26.16/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$19.7K $24.54/SF
− OpEx
−$8.8K −$11.04/SF
NOI
$10.8K $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%
$216,200
Cap Rate 7%
$154,429
Cap Rate 9%
$120,111
Alternative Uses
Best Use
Apartment 5plus
$154.4K
$135.1K – $180.2K
NOI $10,810 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.3K
$205.0K – $273.4K
NOI $16,402 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior with private patio access, stainless appliances, and shared recreation amenities.
Where is this residential income property located?
The property is located at 109 WATER FOUNTAIN WAY Unit 102 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $189,500.
What are key features of this property?
This property features: Ground‑level, first‑floor walkout unit with entry from a private patio or main entrance; Comprehensive interior updates include kitchen, bath, living area, bedrooms, and laundry closet; Kitchen includes new appliances, stainless sink, cabinetry, countertops, faucets, and flooring
