Two-Bedroom Residential Income
For Sale
$180,000
11222 CHERRY HILL ROAD Unit 202, Beltsville, MD 20705
Residents have access to a pool, tennis courts, playgrounds and assigned parking.
Property Size1,052 SF
Price / SF$171.10
Days on Market155
Property Features for 11222 CHERRY HILL ROAD Unit 202
General Information
Standard status
Active
Size
1,052 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,205
Amenities
private balcony
pool
tennis courts
tot lots/playgrounds
Building Details
Building Size
1,052 SF
Year Built
1969
Listing Agency:
Jack Realty Group
Listed By:
John Pruski · License #BR98377715
(202) 213-4744
Source:
Jackrealtygroup
Added: May 29
Changed: Oct 27
Last Checked: Oct 26 at 3:54PM
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 Jack Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This condominium residence provides 1,052 finished square feet, with two bedrooms and one full bathroom. The living area connects to a private balcony overlooking wooded surroundings, and a separate nook can accommodate dining or work space. The eat-in galley kitchen has stainless steel appliances, cabinetry, a pantry and an adjacent breakfast room with laundry. Both bedrooms are carpeted; the primary bedroom has dual closets, while the second bedroom features oversized windows. The home was built in 1969.
Community amenities include a pool, tennis courts and playgrounds. The residence also has one assigned parking space.
Community amenities include a pool, tennis courts and playgrounds. The residence also has one assigned parking space.
Key Highlights
- 1,052 finished square feet
- Two bedrooms and one full bathroom
- Private balcony with wooded views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,163
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,260
$283.3K
Cap Rate 7%
$202,329
$202.3K
Cap Rate 9%
$157,367
$157.4K
Market Conditions
NOI Build-Up for 1,052 SF
Gross rent
$27.4K $26.04/SF
− Vacancy
−$1.6K −$1.56/SF
EGI
$25.8K $24.48/SF
− OpEx
−$11.6K −$11.01/SF
NOI
$14.2K $13.46/SF
Area
Prince George's County, MD
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$283,260
Cap Rate 7%
$202,329
Cap Rate 9%
$157,367
Alternative Uses
Best Use
Apartment 5plus
$202.3K
$177.0K – $236.1K
NOI $14,163 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$339.4K
$297.0K – $395.9K
NOI $23,756 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 20705, MD
29,456
Population
9,181
Households
3.2
Avg Household Size
36
Median Age
33%
College-Educated
81%
High-School Grad
14.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$106,691
Median Household Income
$45,692
Median Earnings
$1,777
Median Rent
$423,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Residents have access to a pool, tennis courts, playgrounds and assigned parking.
Where is this residential income property located?
The property is located at 11222 CHERRY HILL ROAD Unit 202 Beltsville, MD.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,052 finished square feet; Two bedrooms and one full bathroom; Private balcony with wooded views
