16700 Frederick Rd, Mount Airy, MD 21771
- $774,900
- 8,566
- SqFt
- List Price
- $774,900
- Price Change
- ▲ $1 1781814381
- Days on Market
- 102
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- MDHW2067038
- Living Area
- 8,566
- Lot Size (Acres)
- 1
- Style
- Other
- Year Built
- 1900
- County
- Howard
- School District
- Howard County Public School System
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**
Additional Information
- Taxes
- $9711
- School District
- Howard County Public School System
- Elementary School
- Lisbon
- Middle School
- Glenwood
- High School
- Glenelg
- Fireplaces
- 1
- Fireplace Description
- Wood, Other
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Multi Units, Ceiling Fan(s), Window Unit(s)
- Roof
- Architectural Shingle, Flat, Pitched, Rubber
- Utilities
- Natural Gas Available
- Water
- Private, Well
- Sewer
- Other, Shared Septic, Septic Exists, Private Septic Tank, Gravity Sept Fld
Mortgage Calculator
Listing courtesy of Keller Williams Realty Centre. Contact: 4103120000