Updated 2BR Condo with Flex
6600 LAKE PARK DRIVE #2H Greenbelt, MD 20770
For Sale
$295,000
Move-in ready 2BR/2BA condo includes a sun-filled flex room, screened balcony access, and in-unit washer/dryer.
Property Size1,230 SF
Price / SF$239.84
Days on Market8
Property Features for 6600 LAKE PARK DRIVE #2H
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Apartment
Building Details
Year Built
1998
Listing Agency:
Compass
(301) 728-7138
Listed By:
Navneet Anand Singh
(301) 728-7138
Source:
Cummingsrealtors
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 29 at 5:41AM
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 Compass
Investment Insights
Based on property information with market context.
This updated 2BR/2BA condo offers a sun-filled flex room and a move-in ready interior with fresh paint, newly installed LVP flooring in the entry and kitchen, and brand-new plush carpet. The kitchen includes quartz countertops, updated appliances (including a recent microwave and dishwasher), and a sink with an attached water filter. The primary suite is sized to accommodate a king bed, features a walk-in closet, and provides direct access to a screened-in balcony through French double doors. The en-suite bath includes a granite counter, beveled glass mirror, bidet, and an oversized custom shower with seating. A guest bath with a step-in shower, bidet, and new faucet, plus linen and coat closets, are conveniently located across the hall. The home also includes an in-unit washer and dryer, along with a recently updated high-efficiency water heater and furnace.
The condo is located in a secure building with up-to-date smoke detectors and ample guest parking. Community amenities include a pool, fitness center, clubhouse, and direct access to Schrom Hills Park. The property is positioned for commuters with quick access to NASA Goddard, UMD, the Greenbelt and New Carrollton Metro stations, and I-295 and I-495.
The condo is located in a secure building with up-to-date smoke detectors and ample guest parking. Community amenities include a pool, fitness center, clubhouse, and direct access to Schrom Hills Park. The property is positioned for commuters with quick access to NASA Goddard, UMD, the Greenbelt and New Carrollton Metro stations, and I-295 and I-495.
Key Highlights
- Move‑in ready 2BR/2BA condo in a secure building with in‑unit washer and dryer and recently updated water heater and furnace
- Updated interiors with fresh paint, brand‑new plush carpet, and newly installed LVP flooring in the entry and kitchen
- Kitchen includes quartz countertops, updated appliances (recent microwave and dishwasher), and a sink with an attached water filter
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.0k | $26.04 |
| − Vacancy | −$1.9k | −$1.56 |
| EGI | $30.1k | $24.48 |
| − OpEx | −$13.5k | −$11.01 |
| NOI | $16.6k | $13.46 |
1,230 SF · lease $26.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$236.6K
$207.0K – $276.0K
NOI $16,559 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready 2BR/2BA condo includes a sun-filled flex room, screened balcony access, and in-unit washer/dryer.
Where is this residential income property located?
The property is located at 6600 LAKE PARK DRIVE #2H Greenbelt, MD.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Move‑in ready 2BR/2BA condo in a secure building with in‑unit washer and dryer and recently updated water heater and furnace; Updated interiors with fresh paint, brand‑new plush carpet, and newly installed LVP flooring in the entry and kitchen; Kitchen includes quartz countertops, updated appliances (recent microwave and dishwasher), and a sink with an attached water filter
