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16700 Frederick Road

Mount Airy, MD 21771 · None Available
$774,900
ActiveMLS# MDHW2067064
FREDERICK — primary photo
8
Beds
6
Baths
8,566
Sq Ft
1.00
Acre Lot
1900
Year Built
None
HOA

About This Home

**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**

Property Features

Property Type: Residential
Garage/Parking: Gravel Driveway, Asphalt Driveway
Heating: Forced Air, Central
Cooling: Other, Ceiling Fan(s), Window Unit(s), Multi Units
Fireplaces: 1
Architectural Style: ['Other']

Schools

Elementary: Lisbon  ·  Middle: Glenwood  ·  High: Glenelg