Change Real Estate Presents:

40 Greystone Court Unit G
Annapolis MD 21403

For Sale: $295,000.00 Active

List Date: 2026-04-28

Annapolis
2 bedrooms
2 bathrooms
1,336 build ft2

About This Property

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 Agent: Ramtin M Zadeh. Long & Foster Real Estate, Inc. 301-775-4236 ramtinz@comcast.net

Property Features

Location Information
County:
Subdivision: ANNAPOLIS OVERLOOK
click to open map in a new window
Interior Features
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
Interior: Bathroom - Tub Shower, Breakfast Area, Carpet, Combination Dining/Living, Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Wood Floors
Laundry:
Furnished: None
Flooring:
Water: Public
Cooling: Central A/C
Heating: 90% Forced Air, Forced Air, Heat Pump(s)
Fireplaces: 1
Windows:
Utilities: Cable TV Available, Phone Available, Water Available, Sewer Available, Electric Available
Sewer: Public Sewer
Exterior Features
Year Built: 1991
Legal Subdivision: Annapolis Overlook
Subdivision Name: Annapolis Overlook
Parking: Concrete Driveway
Association Fee 2: $315.00 (Monthly)
Association Amenities: Club House, FitnessCenter, Pool - Outdoor
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Ramtin M Zadeh. Long & Foster Real Estate, Inc. 301-775-4236 ramtinz@comcast.net

Property Photos [Click to enlarge]

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