Two-Bedroom Residential Income
For Sale
$148,000
Pending
109 WATER FOUNTAIN WAY Unit 203, Glen Burnie, MD 21060
Second-floor condominium offering balcony access, kitchen appliances, and shared recreation amenities.
Property Size799 SF
Days on Market22
Property Features for 109 WATER FOUNTAIN WAY Unit 203
General Information
Standard status
Pending
Size
799 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,482
Amenities
24-hour front desk personnel
tennis court
outdoor pool
tot lots
scenic walking paths
Building Details
Building Size
799 SF
Year Built
1999
Listing Agency:
Century 21 Downtown
Listed By:
Gina M Gargeu · License #510631
(410) 547-1116
Source:
Thehulsmangroup
Added: Sep 15
Changed: Oct 3
Last Checked: Oct 5 at 11:45PM
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 Century 21 Downtown
Investment Insights
Based on property information with market context.
This second-floor condominium in the Cromwell Fountain community was built in 1999 and includes two bedrooms, a full bathroom with tub shower, and a combined living and dining area. A sliding door connects the main living space to the balcony. The kitchen has white shaker cabinetry, laminate flooring, and appliances, while both bedrooms include built-in cabinets.
Community amenities include 24-hour front desk personnel, a tennis court, outdoor pool, tot lots, and walking paths. The property is located at 109 Water Fountain Way, Unit 203, in Glen Burnie, Maryland.
Community amenities include 24-hour front desk personnel, a tennis court, outdoor pool, tot lots, and walking paths. The property is located at 109 Water Fountain Way, Unit 203, in Glen Burnie, Maryland.
Key Highlights
- Two‑bedroom condominium in the Cromwell Fountain community
- Second‑floor unit with balcony access from the living‑dining area
- Kitchen includes white shaker cabinetry, laminate flooring, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,783
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,660
$215.7K
Cap Rate 7%
$154,043
$154.0K
Cap Rate 9%
$119,811
$119.8K
Market Conditions
NOI Build-Up for 799 SF
Gross rent
$20.9K $26.16/SF
− Vacancy
−$1.3K −$1.62/SF
EGI
$19.6K $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%
$215,660
Cap Rate 7%
$154,043
Cap Rate 9%
$119,811
Alternative Uses
Best Use
Apartment 5plus
$154.0K
$134.8K – $179.7K
NOI $10,783 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.7K
$204.5K – $272.7K
NOI $16,361 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium offering balcony access, kitchen appliances, and shared recreation amenities.
Where is this residential income property located?
The property is located at 109 WATER FOUNTAIN WAY Unit 203 Glen Burnie, MD.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: Two‑bedroom condominium in the Cromwell Fountain community; Second‑floor unit with balcony access from the living‑dining area; Kitchen includes white shaker cabinetry, laminate flooring, and appliances
