Three-Bedroom Residential Income
For Sale
$139,000
1260 SUGARWOOD CIRCLE Unit 302, Baltimore, MD 21221
The condo provides a three-bedroom layout and scope for cosmetic updates.
Property Size899 SF
Price / SF$154.62
Days on Market151
Property Features for 1260 SUGARWOOD CIRCLE Unit 302
General Information
Standard status
Active
Size
899 SF
Property subtype
Unit/Flat/Apartment
Property Condition
Severity
Repairs Needed
Evidence
could use some cosmetic updates
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,192
Building Details
Building Size
899 SF
Year Built
1990
Listing Agency:
American Premier Realty, LLC
Listed By:
Janis F. Hopkins · License #614841
(443) 617-8403
Source:
Ghimirehomes
Added: Jun 1
Changed: Oct 27
Last Checked: Oct 26 at 3:56PM
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 American Premier Realty, LLC
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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 899-square-foot residential condo has three bedrooms and one bathroom. Built in 1990, the unit offers a defined layout and may benefit from cosmetic improvements.
Key Highlights
- Three‑bedroom, one‑bathroom condo
- 899 square feet
- Built in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,713
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,260
$234.3K
Cap Rate 7%
$167,329
$167.3K
Cap Rate 9%
$130,144
$130.1K
Market Conditions
NOI Build-Up for 899 SF
Gross rent
$22.7K $25.20/SF
− Vacancy
−$1.4K −$1.51/SF
EGI
$21.3K $23.69/SF
− OpEx
−$9.6K −$10.66/SF
NOI
$11.7K $13.03/SF
Area
Baltimore, MD
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,260
Cap Rate 7%
$167,329
Cap Rate 9%
$130,144
Alternative Uses
Best Use
Apartment 5plus
$167.3K
$146.4K – $195.2K
NOI $11,713 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.4K
$188.5K – $251.3K
NOI $15,076 @ 7.0% cap · market cap 10.85%
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
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 21221, MD
43,381
Population
18,364
Households
2.4
Avg Household Size
39
Median Age
20%
College-Educated
86%
High-School Grad
15.0 sq mi
ZIP Area
2,892
Density / Sq Mi
$67,368
Median Household Income
$44,416
Median Earnings
$1,305
Median Rent
$266,800
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The condo provides a three-bedroom layout and scope for cosmetic updates.
Where is this residential income property located?
The property is located at 1260 SUGARWOOD CIRCLE Unit 302 Baltimore, MD.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Three‑bedroom, one‑bathroom condo; 899 square feet; Built in 1990
