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About the Listing LNG302 - 110715
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.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Condo
MLS ®
MDAA2142956
Year Built
1991
Total Square Footage
1,336
Lot/Acreage
N/A
County
Anne Arundel
Neighborhood
Annapolis Overlook
HOA Dues
315/Monthly
School District
Anne Arundel County Public Schools
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Built-In Microwave, Dishwasher, Disposal, Energy Efficient Appliances, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
- Air Cond: Central A/C
- Heating: 90% Forced Air,Forced Air,Heat Pump(s)
- Fireplaces: 1, 1 Fireplace
- Floor:
- Above Ground Sq Ft: 1336
- Below Ground Sq Ft: n/a
- Basement:
- Other: Bathroom - Tub Shower,Breakfast Area,Carpet,Combination Dining/Living,Dining Area,Floor Plan - Open,Kitchen - Island,Primary Bath(s),Wood Floors,Cats OK,Dogs OK,Number Limit,Pets Allowed,Main Floor Bedrooms: 2
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: CONDOMINIUM VALUES
- Roof:
- Others: Club House,Fitness Center,Pool - Outdoor,Common Area Maintenance,Management,Pool(s),Reserve Funds,Road Maintenance,Snow Removal,Trash,Lawn Care Front
- Sewer: Public Sewer
- Parking Features: Concrete Driveway,Parking Lot,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $3,222
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
40 Greystone Court G Annapolis, MD 21403
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