Dayspring Townhomes

12050 School Street, Ridgely, MD 21660

  • For Sale $4,150,000
  • 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 18, 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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Contacts

broker
Hedy L. Nelson, Esq.

Keller Williams Select Realtors

Location

Getting Around

  • Walk Score ®

    23/100 Car-Dependent

  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Subway

    4.11 miles

  • Domino's

    4.56 miles

  • McDonald's

    4.56 miles

  • Market Street Public House

    4.57 miles

  • Arby's

    4.63 miles

  • Pizza Empire

    4.65 miles

  • Burger King

    4.66 miles

  • Bullock's Deli

    4.74 miles

  • Shore Gourmet

    4.83 miles

  • Greensboro Restaurant

    4.90 miles

  • Ridgely Elementary School

    1.00 miles

  • Benedictine School

    4.34 miles

  • Greensboro Elementary School

    5.48 miles

  • Bethany School

    7.97 miles

  • Upper County Elementary School

    8.40 miles

  • Newton School

    8.95 miles

  • Greensboro Head Start

    5.00 miles

Frequently Asked Questions

How much does Dayspring Townhomes cost?

The space currently listed for sale at Dayspring Townhomes asks for $4,150,000.

What is the total square footage of Dayspring Townhomes?

Dayspring Townhomes totals 57,216 square feet.

When was this property built?

Dayspring Townhomes was built in 1996.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Hedy L. Nelson, Esq.

Keller Williams Select Realtors

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