16700 FREDERICK Road
Property Description
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**
Broker Details
Keller Williams Realty Centre (410) 312-0000
MLS ID: 144164 State License Number: 618185
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $774,900 |
| No. of Units: | 4 |
| Year Built: | 1900 |
| Lot Size: | 8,566.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $193,725 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-MDHW2067038
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