Residential Income
New
For Sale
$225,000
112 WATER FOUNTAIN WAY Unit 301, Glen Burnie, MD 21060
Residents have access to an outdoor pool, tennis and basketball courts, walking paths, and playgrounds.
Property Size884 SF
Days on Market5
Property Features for 112 WATER FOUNTAIN WAY Unit 301
General Information
Standard status
Active
Size
884 SF
Property subtype
Penthouse Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
update to your liking
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,569
Amenities
outdoor swimming pool
tennis and basketball courts
walking and jogging paths
playgrounds
shared green spaces
Building Details
Building Size
884 SF
Year Built
1991
Listing Agency:
Epique Realty
Listed By:
Cheryl A Renshaw · License #662146
(410) 952-8348
Source:
Thehulsmangroup
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 1:27PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 1991-built condominium in the Cromwell Fountain community has two bedrooms and two bathrooms. The unit is presented as an opportunity for updating to suit a new owner's preferences.
Community amenities include an outdoor swimming pool, tennis and basketball courts, walking and jogging paths, playgrounds, and shared green space. Shopping, dining, and transit options are nearby, with access to Ritchie Highway, Route 10, and I-695 for connections to Baltimore and the surrounding region.
Community amenities include an outdoor swimming pool, tennis and basketball courts, walking and jogging paths, playgrounds, and shared green space. Shopping, dining, and transit options are nearby, with access to Ritchie Highway, Route 10, and I-695 for connections to Baltimore and the surrounding region.
Key Highlights
- Two‑bedroom, two‑bathroom condominium
- Built in 1991
- Community outdoor swimming pool, tennis and basketball courts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,930
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,600
$238.6K
Cap Rate 7%
$170,429
$170.4K
Cap Rate 9%
$132,556
$132.6K
Market Conditions
NOI Build-Up for 884 SF
Gross rent
$23.1K $26.16/SF
− Vacancy
−$1.4K −$1.62/SF
EGI
$21.7K $24.54/SF
− OpEx
−$9.8K −$11.04/SF
NOI
$11.9K $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%
$238,600
Cap Rate 7%
$170,429
Cap Rate 9%
$132,556
Alternative Uses
Best Use
Apartment 5plus
$170.4K
$149.1K – $198.8K
NOI $11,930 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
665
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 - Residents have access to an outdoor pool, tennis and basketball courts, walking paths, and playgrounds.
Where is this residential income property located?
The property is located at 112 WATER FOUNTAIN WAY Unit 301 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: Two‑bedroom, two‑bathroom condominium; Built in 1991; Community outdoor swimming pool, tennis and basketball courts
