40 Greystone Court G Annapolis, MD 21403

$295,000
2
Beds
2
Baths
1,336
SQFT
221
$/SQFT
$295,000
2
Beds
2
Baths
1,336   sf
$221 / sf
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**Price Has Been Dropped By $15000.00. The New Price Is $295,000.00**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.

**Price Has Been Dropped By $15000.00. The New Price Is $295,000.00**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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Anne Arundel
  • HOA Dues
    $315/mo
  • Tax Amount
    $3,222
  • Status
    Active
  • Listing #
    MDAA2142956
  • Built
    1991
  • Listed on site
    62 days
  • Listing Agent Id
    121136468189

Listed by:
Long & Foster Real Estate, Inc.

Source:
BRIGHT MLS

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Property details

Community Features

  • Community Pool
  • Community Fitness Room
  • Has HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Sewer

Exterior features

  • No Pool

Interior Features

  • Central Air Conditioning
  • Fire Place
  • Main Floor Bedroom

Style

  • Penthouse
  • 2nd+ Floor Unit
  • Colonial
  • Low Rise

Property History

DateDays AgoEventNew Price
May 10, 20261 mo agoPrice decreased15,000 (5%)$295,000
Apr 23, 20262 mos agoNew on market$310,000
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