Two-Bedroom Residential
23560 F D R BOULEVARD Unit 305, California, MD 20619
For Sale
$279,000
In-unit laundry and shared clubhouse, fitness, and dog-park amenities complement the two-bedroom layout.
Property Size1,260 SF
Price / SF$221.43
Days on Market32
Property Features for 23560 F D R BOULEVARD Unit 305
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
clubhouse
fitness center
dog park
in-unit laundry
attached garage
Building Details
Building Size
Year Built
Listing Agency:
CENTURY 21 New Millennium
Listed By:
Robin Poe Errington · License #643322
(301) 904-9365
Source:
Oerealty
Added: Oct 9
Changed: Nov 6
Last Checked: Nov 8 at 9:36AM
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 New Millennium
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Investment Insights
Based on property information with market context.
This 1,260-square-foot residential unit at the Residences of Wildewood has two bedrooms and two bathrooms, with an open arrangement connecting the living, dining, and kitchen areas. The kitchen includes a built-in microwave, dishwasher, electric oven and range, and pantry. A walk-in closet and private bathroom serve the primary bedroom. The unit also has a washer and dryer, an attached garage, and driveway parking. Built in 2011, the property includes access to a clubhouse, fitness center, and dog park. The association covers lawn care and snow removal.
Key Highlights
- Two bedrooms and two bathrooms in 1,260 square feet
- Built in 2011
- Open layout joining the living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,726
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,520
$234.5K
Cap Rate 7%
$167,514
$167.5K
Cap Rate 9%
$130,289
$130.3K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$22.7K $18.00/SF
− Vacancy
−$1.4K −$1.08/SF
EGI
$21.3K $16.92/SF
− OpEx
−$9.6K −$7.61/SF
NOI
$11.7K $9.31/SF
Area
St. Mary's County, MD
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,520
Cap Rate 7%
$167,514
Cap Rate 9%
$130,289
Alternative Uses
Best Use
Apartment 5plus
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$467.3K
$408.9K – $545.2K
NOI $32,709 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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Business Placement
Demographics for 20619, MD
14,179
Population
6,028
Households
2.4
Avg Household Size
35
Median Age
48%
College-Educated
96%
High-School Grad
16.1 sq mi
ZIP Area
881
Density / Sq Mi
$114,848
Median Household Income
$72,218
Median Earnings
$2,015
Median Rent
$364,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - In-unit laundry and shared clubhouse, fitness, and dog-park amenities complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 23560 F D R BOULEVARD Unit 305 California, MD.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms in 1,260 square feet; Built in 2011; Open layout joining the living, dining, and kitchen areas
