Dayspring Townhomes

For Sale

12050 School Street, Ridgely, MD 21660

This Ridgely property for sale is located at 12050 School Street. The current listed sale price for Dayspring Townhomes is $4,150,000. Dayspring Townhomes is situated on a lot that is 8.41 acre in size.

Contacts

broker
Hedy L. Nelson, Esq.

Keller Williams Select Realtors

Property Details

  • Property Type Multi-Family
  • Property Size 57,216 SF
  • Lot Size 8.41 Acre
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Year Built 1996
  • Date Updated Apr 23, 2025

Dayspring Townhomes 1 and Dayspring Townhomes 2 form a townhouse community in Ridgely, on the eastern shore of Maryland. The two parcels add up to 8.41 acres containing 46 townhomes.  Of the 46 townhomes, 43 are 3BR, one is 2BR and two are 2BR.  The complex is currently operated as a low-income property under an agreement with the State of Maryland. That agreement imposes rent restrictions on the complex.  As a result, rents are significantly below market rate.  The agreement will terminate upon the sale of the property.  Therefore, the rent restrictions will not apply to the buyer after a sale.  Here is a value-add opportunity to do some upgrading, improve the occupancy rate and bring the units up to market rents.

 

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Getting around

  • 23/100

    Walk Score ®

  • 31/100

    Bike Score ®

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Location

  • City Ridgely, MD
  • Zip Code 21660

Points of Interest

  • Exxon

    0.28 miles

  • Royal Farms

    4.03 miles

  • Shell

    4.12 miles

  • Sunoco

    4.72 miles

  • Bodie's

    4.93 miles

  • Carroll Fuel

    5.67 miles

  • EVsmart

    9.61 miles

  • Wye Mills Park & Ride (Lot A)

    9.53 miles

  • Wye Mills Park & Ride (Lot B)

    9.61 miles

  • New MD 304 Park & Ride

    9.96 miles

  • Turnbridge Point

    4.50 miles

  • Best Western

    4.52 miles

  • Food Lion

    5.49 miles

  • Walmart Supercenter

    5.57 miles

  • ALDI

    5.57 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Hedy L. Nelson, Esq.

Keller Williams Select Realtors

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