16700 Frederick Road Mount Airy, MD 21771

$774,900
8
Beds
4.5
Baths
1.00
Acres
8,566
SQFT
90
$/SQFT
$774,900
8
Beds
4.5
Baths
8,566   sf
$90 / sf
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active
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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**

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**

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Howard
  • Tax Amount
    $9,711
  • Status
    Active
  • Listing #
    MDHW2067064
  • Built
    1900
  • Lot Size
    1.00
  • Listed on site
    175 days
  • Listing Agent Id
    121136754550

Listed by:
Keller Williams Realty Centre

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities

Exterior features

  • No Pool
  • Parking Off-Street

Interior Features

  • Fire Place
  • Main Floor Bedroom

Property History

DateDays AgoEventNew Price
Jun 18, 20264 mos agoPrice increased1 (0%)$774,900
May 21, 20265 mos agoPrice decreased1 (0%)$774,899
May 15, 20265 mos agoPrice increased1 (0%)$774,900
May 9, 20265 mos agoPrice decreased1 (0%)$774,899
May 8, 20265 mos agoPrice increased1 (0%)$774,900
Apr 30, 20265 mos agoPrice decreased1 (0%)$774,899
Apr 13, 20266 mos agoNew on market$774,900
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