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16700 Frederick Rd, Mount Airy, MD 21771

$774,900
: 8
BD
: 6
BA
: 8,566
SqFt

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List Price: $774,900
Price Change: ▲ $1 1781815061
Status: ACTIVE
MLS#: MDHW2067064
Bedrooms: 8
Bathrooms: 6
Full Baths: 3
Half Baths: 3
Living Area: 8,566
Lot Size (Acres): 1
Style: Other
Year Built: 1900
County: Howard
School District: Howard County Public School System

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Property Description

**MULTIPLE LOIs RECEIVED, HIGHEST AND BEST DUE MONDAY 5/11 @ 5PM**The Mt. Airy Investment Portfolio is a mixed-use assemblage comprising four income-producing units located at 16700–16708 Frederick Road (Route 144) in Mt. Airy, Maryland. The portfolio consists of a single-family residence, a residential duplex, and a commercial auto repair shop with associated garage and gravel lot — all situated along the Frederick Road corridor with direct access to I-70. The property is 100% occupied and generates $74,160 in current gross rental income. However, rents across all units are materially below market, presenting an immediate mark-to-market opportunity of at least $20,400 annually upon lease rollover. All tenants are currently on monthly renewals, offering a near-term rent reset event. This offering represents a compelling blend of stabilized cash flow and clearly identifiable value-add upside for investors seeking small-balance mixed-use portfolios in growing suburban Maryland markets. **Tenant Items have been digitally removed**

215-669-6079

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Additional Information

Subdivision: None Available
School District: Howard County Public School System
Elementary School: Lisbon
Middle School: Glenwood
High School: Glenelg
Fireplaces: 1
Heating: Forced Air, Central
Cooling: Other, Ceiling Fan(s), Window/Wall, Multi Units
Roof: Architectural, Rubber, Flat, Pitched
Utilities: Natural Gas Available
Water: Private Well
Sewer: Other, Septic Tank, Septic Tank, Shared Septic