Spicer Real Estate
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$310,000
Coming Soon Coming Soon
MD,Annapolis

Location 40 GREYSTONE COURT, Annapolis, MD 21403

  • Sqft 1,336 Sqft SQFT
  • Bed 2
  • Bath 2
Basic Details Basic Details
Description

Turnkey Investment Opportunity – 2 Bed, 2 Bath Condo with Tenant in Place + Rental Upside.
Excellent opportunity for investors seeking immediate rental income with future growth potential. This well-maintained 2-bedroom, 2-bathroom condo is currently leased at $2,200/month, providing steady cash flow from da...

Turnkey Investment Opportunity – 2 Bed, 2 Bath Condo with Tenant in Place + Rental Upside.
Excellent opportunity for investors seeking immediate rental income with future growth potential. This well-maintained 2-bedroom, 2-bathroom condo is currently leased at $2,200/month, providing steady cash flow from day one, with market rents estimated around $2,600/month—offering clear upside.
The unit features a bright, open layout with abundant natural light, a cozy wood-burning fireplace, and the convenience of an in-unit washer and dryer. The updated kitchen includes modern appliances, while recent upgrades such as a 2-year-old HVAC system and newer carpet (installed within the last 2 years) help minimize near-term maintenance costs.
The spacious primary suite includes a private en-suite bathroom, and the second bedroom offers flexibility for tenants or future owner use. The unit also includes two assigned parking spaces, a highly desirable feature for both tenants and homeowners.
Located in a well-maintained community with sought-after amenities including a pool and fitness center, this property is attractive to renters and equally appealing as a comfortable future residence—perfect for an investor today and homeowner tomorrow.
Ideally situated with easy access to parks, shopping, and downtown, the location supports strong and consistent rental demand.
Tenant in place—making this a true turnkey investment. Immediate income today with the potential to increase rents closer to market value.

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Basic Details
  • Property Type: Residential
  • Listing Type: Coming Soon
  • Listing ID: MDAA2142956
  • Price: $310,000
  • Bedrooms: 2
  • Bathrooms: 2
  • Sqft: 1,336 Sqft
  • Year Built: 1991
  • Location: US, MD, ANNE ARUNDEL-MD, Annapolis, ANNAPOLIS OVERLOOK, 21403
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Heating System: 90% Forced Air, Forced Air, Heat Pump(s)
  • Cooling System: Central A/C
  • Parking: Concrete Driveway
  • Full Bathrooms: 2
  • Listing Status: Coming Soon
Features & Appliances
Features
  • Utilities: Cable TV Available, Phone Available, Water Available, Sewer Available, Electric Available
  • Architectural Style: Colonial
  • Fireplaces Total: 1
  • Interior Features: Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Wood Floors
  • Sewer: Public Sewer

Appliances
  • Appliances: Built-In Microwave, Dishwasher, Disposal, Energy Efficient Appliances, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, WaterHeater
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Address Map Address Map
MLS Addon MLS Addon
  • Office Name: Long & Foster Real Estate, Inc.
  • Agent Name: Ramtin M Zadeh
Additional Information Additional Information
  • Water Source: Public
  • Accessibility Features: 32"+ wide Doors
  • Association Amenities: Club House,FitnessCenter,Pool - Outdoor
  • Construction Materials: Vinyl Siding
  • Entry Level: 2
  • Levels: 1
  • On Market Date: 2026-04-23
Financial Financial
  • Tax Annual Amount: 3222.0
  • Association Fee Includes: Common Area Maintenance, Management, Pool(s), Reserve Funds, Road Maintenance, Snow Removal, Trash, Lawn Care Front
Listing Information Listing Information
  • Originating System Name: Bright
  • List Agent Mls Id: 110715
  • List Office Mls Id: LNG302
  • MLS Status: COMING SOON-BRIGHT
  • Modification Timestamp: 2026-04-23T12:56:41Z
  • Status Change Timestamp: 2026-04-23T04:00:00Z
Rob Spicer Broker, GRI Rob Spicer Broker, GRI Spicer Real Estate

7201 Wisconsin Avenue

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