Tenant-occupied investment opportunity in Doncaster Village with an approximate 8.5% current cap rate! Welcome to 21 Eastford Court, a desirable end-of-group, 2-bedroom, 1-bath condominium offering 992 square feet of comfortable living space plus a full lower level in a convenient Parkville location.
Thoughtfully updated by the current owner in 2022, the home features a renovated kitchen, updated electrical, a newer hot water heater, and a new sump pump. For additional peace of mind, the Seller reports an existing home warranty, paid in full with coverage through March 2028, subject to the warranty company's terms and transfer requirements.
Investors, take note! The property is currently tenant occupied at $1,751 per month ($21,012 annually). Based on current rent and Seller-provided operating expenses, the property reflects an approximate 8.5% current cap rate at the asking price. The same tenant has occupied the property since May 2022, and the Seller reports more than four years of timely rental payments with no late payments and that the tenant has taken excellent care of the property. The tenant would love the opportunity to remain following a sale to an investor.
For an investor looking to add an established, income-producing rental to their portfolio without immediately having to locate and place a new tenant, 21 Eastford offers the benefit of an existing tenancy with more than four years of operating history. Lease information, Seller-provided rental/payment history, and an Investment Property Summary are available for prospective purchasers to review as part of their due diligence.
Not an investor? The property may also offer an opportunity for a future owner-occupant looking to make Eastford home, subject to the existing tenancy, lease terms, and all applicable tenant rights and notice requirements.
As an end-of-group home, 21 Eastford enjoys a desirable location within the community. Conveniently situated near shopping, dining, parks, and major commuter routes, the property provides easy access to everyday conveniences and destinations throughout Parkville and Baltimore County.
Whether you're looking for an established addition to your investment portfolio or an opportunity for future occupancy, 21 Eastford Court is ready for its next chapter. Schedule your showing and run the numbers for yourself! Showings require a minimum of 24-hour notice.
Cap rate is based on current rent and Seller-provided operating expenses and does not include financing/debt service, buyer-selected management fees, vacancy or maintenance/capital reserves, or other buyer-specific expenses. Buyer to independently verify all figures and perform their own investment analysis.
