16700 Frederick Rd, Mount Airy, MD 21771

$774,900
: 8,566
SqFt

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List Price: $774,900
Price Change: ▲ $1 1781814381
MLS#: MDHW2067038
Year Built: 1900
Status: ACTIVE UNDER CONTRACT
Type: Multifamily
Living Area: 8,566
Total SqFt: 8566
County: Howard

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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**

410-721-6694

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Additional Information

Elementary School: Lisbon
Middle School: Glenwood
High School: Glenelg
Other Structures: Above Grade, Below Grade
Structure List: Above Grade, Below Grade
Style: Other
Fireplaces: 1
Cooling Fuel: Electric
Cooling: Multi Units, Ceiling Fan(s), Window Unit(s)
Heating Fuel: Natural Gas
Heating: Forced Air
Hot Water: Natural Gas
Sewer Septic: Other, Shared Septic, Septic Exists, Private Septic Tank, Gravity Sept Fld
Water: Private, Well
Tax Year: 2025
Possession: Subject to Existing Lease, Settlement
Days on Market: 147
Acres: 1
Parking: Asphalt Driveway, Gravel Driveway
Ownership: Fee Simple