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MLS: #MDAA2142956, Listed By: Ramtin Zadeh, Long & Foster Real Estate, Inc., Source:Bright MLS

40 Greystone Court #G

ANNAPOLIS, MD 21403
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Bed 2

Bed

Bath 2

Bath

SqFt1,336

Sqft

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 bathroo m, 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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Detail Ic Property Details

Property Type : Residential

Price : $295,000

AD Id : 77810071

MLS Id : MDAA2142956

Beds : 2

Living Area Size : 1,336

Year Built : 1991

County : ANNE ARUNDEL

Subdivision: Annapolis Overlook

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Feature Features

  • Bedroom Information

    Total beds: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 2
  • Flooring Information

    Carpet, Wood
  • Interior Features

    Kitchen Island, Open Floorplan Appliances: Electric Range, Electric Oven, Electric Water Heater, Washer, Dishwasher, Disposal, Exhaust Fan, Refrigerator, Washer/Dryer Stacked, Water Heater, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Appliances, Dryer Laundry Features: Washer Hookup
  • Heating & Cooling

    Has Heating: Yes Heating: Exhaust Fan, Electric, Forced Air, Heat Pump Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1991 Building Area Total: 1336 Construction Materials: Vinyl Siding Stories: 1 Pool Features: Community Private Pool: No

  • Property Information

    Subdivision: ANNAPOLIS OVERLOOK Source Property Type: Residential Postal Code Plus 4: 5714 Property SubType: Condominium Levels: One Property Age: 35

  • Listing Price Information

    Listing Price: $295000

  • Tax Information

    Parcel Number: 020601890072590 Tax Year: 2026 Annual Tax: $3222

  • Parking Information

    Parking Total: 2 Concrete, Parking Lot

    Garage Information

    Pets Allowed: Cats OK, Dogs OK, Number Limit, Yes
    Homeowners Association Information
    Included Fees: Snow Removal, Trash Association Amenities: Clubhouse, Fitness Center Community Features: Pool

  • Utility Information

    Cable Available, Phone Available, Water Available, Sewer Available, Electricity Available
  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2127 Beach Village Cour.., Annapolis, MD, 21403 $1,150,000 3 3 1,650 1,650 SqFt
2118 Chesapeake Harbour.., Annapolis, MD, 21403 $739,000 2 2 1,618 1,618 SqFt
2215 Chesapeake Harbour.., Annapolis, MD, 21403 $2,300,000 3 4 3,086 3,086 SqFt
2186 Chesapeake Harbour.., Annapolis, MD, 21403 $1,595,000 3 4 2,307 2,307 SqFt
2108 Chesapeake Harbour.., Annapolis, MD, 21403 $650,000 3 3 1,700 1,700 SqFt
2106 Chesapeake Harbour.., Annapolis, MD, 21403 $650,000 2 2 1,688 1,688 SqFt
2020 Quay Village Court.., Annapolis, MD, 21403 $700,000 1 1 1,000 1,000 SqFt
2110 Chesapeake Harbour.., Annapolis, MD, 21403 $579,900 2 2 1,237 1,237 SqFt
7004 Channel Village Co.., Annapolis, MD, 21403 $575,000 2 2 --
7006 Channel Village Co.., Annapolis, MD, 21403 $640,000 2 2 1,092 1,092 SqFt

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ByOwner last updated this listing 06/07/2026 @ 11:32

MLS: MDAA2142956 LISTED BY: Ramtin Zadeh, Long & Foster Real Estate, Inc. 301-424-0900 SOURCE: Bright MLS

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