Residential Income
For Sale
$375,000
13901 BELLE CHASSE BOULEVARD Unit 215, Laurel, MD 20707
The two-bedroom condominium includes an open living, dining, and kitchen area with hardwood floors and in-unit laundry.
Property Size1,919 SF
Price / SF$195.41
Days on Market22
Property Features for 13901 BELLE CHASSE BOULEVARD Unit 215
General Information
Standard status
Active
Size
1,919 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,817
Amenities
Indoor Saltwater Swimming Pool
Outdoor Swimming Pool & Terrace
State-of-the-Art Fitness Center
Sauna
Massage Room
Locker Rooms
Billiards Room
Card Room
Arts & Crafts Studio
Library & Business Center
Grand Room/Auditorium
Catering Kitchen
Business Center
Patio and Outdoor Gathering Areas
One-Acre Lake with Fountains
Four Picturesque Victorian-Style Gardens
Waterfall Entrance
Barbecue Area
Two Tennis Court Centers
Walking and Fitness Trails
Beautifully Landscaped Common Areas
Mail Pavilion
Building Details
Building Size
1,919 SF
Year Built
2007
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Coni L Otto · License #608255
(240) 483-7556
Source:
Jackrealtygroup
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 26 at 3:02PM
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 Long & Foster Real Estate, Inc.
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Investment Insights
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This 1,919-square-foot condominium has two bedrooms and two bathrooms, with an open arrangement connecting the living room, dining area, and kitchen. Interior features include hardwood floors, granite countertops, a built-in microwave, stainless steel refrigerator and dishwasher, and a washer and dryer. The building dates to 2007.
The home is part of Victoria Falls, a 55+ community in Laurel, Maryland. Community facilities include indoor and outdoor swimming pools, a fitness center, sauna, billiards room, card room, arts and crafts studio, library, business center, and auditorium. Outdoor amenities include approximately three miles of walking and fitness trails, a one-acre lake with fountains, Victorian-style gardens, tennis courts, and a barbecue area.
The home is part of Victoria Falls, a 55+ community in Laurel, Maryland. Community facilities include indoor and outdoor swimming pools, a fitness center, sauna, billiards room, card room, arts and crafts studio, library, business center, and auditorium. Outdoor amenities include approximately three miles of walking and fitness trails, a one-acre lake with fountains, Victorian-style gardens, tennis courts, and a barbecue area.
Key Highlights
- 1,919‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Open living, dining, and kitchen arrangement
- Hardwood floors, granite countertops, stainless steel refrigerator and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,835
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,700
$516.7K
Cap Rate 7%
$369,071
$369.1K
Cap Rate 9%
$287,056
$287.1K
Market Conditions
NOI Build-Up for 1,919 SF
Gross rent
$50.0K $26.04/SF
− Vacancy
−$3.0K −$1.56/SF
EGI
$47.0K $24.48/SF
− OpEx
−$21.1K −$11.01/SF
NOI
$25.8K $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%
$516,700
Cap Rate 7%
$369,071
Cap Rate 9%
$287,056
Alternative Uses
Best Use
Apartment 5plus
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$619.1K
$541.7K – $722.2K
NOI $43,334 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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Business Placement
Demographics for 20707, MD
37,702
Population
15,146
Households
2.5
Avg Household Size
37
Median Age
45%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
2,992
Density / Sq Mi
$104,093
Median Household Income
$58,633
Median Earnings
$1,880
Median Rent
$411,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condominium includes an open living, dining, and kitchen area with hardwood floors and in-unit laundry.
Where is this residential income property located?
The property is located at 13901 BELLE CHASSE BOULEVARD Unit 215 Laurel, MD.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,919‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Open living, dining, and kitchen arrangement; Hardwood floors, granite countertops, stainless steel refrigerator and dishwasher
