Two-Bedroom
For Sale
$255,000
2501 DRIFTWOOD COURT Unit 2D, Frederick, MD 21702
The unit has two bathrooms and a two-bedroom layout.
Property Size1,050 SF
Price / SF$242.86
Days on Market67
Property Features for 2501 DRIFTWOOD COURT Unit 2D
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,016
Building Details
Building Size
1,050 SF
Year Built
1997
Listing Agency:
Charis Realty Group
Listed By:
Ronald E Wolfe · License #606538
(301) 401-4300
Source:
Catoctinproperties
Added: Aug 22
Changed: Oct 26
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 Charis Realty Group
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Investment Insights
Based on property information with market context.
This 1,050-square-foot condominium in the Whittier community has two bedrooms and two bathrooms. Built in 1997, the interior features neutral paint and a functional arrangement of living spaces.
Shopping, dining, parks, community amenities, and commuter routes are nearby.
Shopping, dining, parks, community amenities, and commuter routes are nearby.
Key Highlights
- Two bedrooms and two bathrooms
- 1,050 square feet
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,286
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,720
$285.7K
Cap Rate 7%
$204,086
$204.1K
Cap Rate 9%
$158,733
$158.7K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$27.3K $26.04/SF
− Vacancy
−$1.4K −$1.30/SF
EGI
$26.0K $24.74/SF
− OpEx
−$11.7K −$11.13/SF
NOI
$14.3K $13.61/SF
Area
Frederick County, MD
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,720
Cap Rate 7%
$204,086
Cap Rate 9%
$158,733
Alternative Uses
Best Use
Apartment 5plus
$204.1K
$178.6K – $238.1K
NOI $14,286 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$389.1K
$340.4K – $453.9K
NOI $27,235 @ 7.0% cap · market cap 10.68%
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
190
Businesses Nearby
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Business Placement
Demographics for 21702, MD
46,412
Population
18,677
Households
2.5
Avg Household Size
37
Median Age
40%
College-Educated
89%
High-School Grad
41.7 sq mi
ZIP Area
1,113
Density / Sq Mi
$104,659
Median Household Income
$55,937
Median Earnings
$1,722
Median Rent
$384,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The unit has two bathrooms and a two-bedroom layout.
Where is this residential income property located?
The property is located at 2501 DRIFTWOOD COURT Unit 2D Frederick, MD.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two bedrooms and two bathrooms; 1,050 square feet; Built in 1997
