16700 Frederick Rd,MOUNT AIRY, MD 21771
MOUNT AIRY, MD 21771
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**
Details
| MLS # | MDHW2067038 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1900 |
| Days On Site | 165 |
| Listing Provided By | Keller Williams Realty Centre | Vishal P Doddanna |
Features
| SQ Feet | 8,566 |
|---|---|
| Units | 4 |
| Zoning | RCDEO |
| Acreage | 1.00 |
Interior
| Cooling | Multi Units, Ceiling Fan(s), Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Architectural Shingle, Flat, Pitched, Rubber |
|---|---|
| Construction Materials | Frame, Block, Log, Vinyl Siding |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Asphalt Driveway, Gravel Driveway |
Utilities
| Utilities | Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 9711 |
|---|
Area Information
| State | MD |
|---|---|
| County | HOWARD MD |
| City | MOUNT AIRY |
| Zip Code | 21771 |
| Area | HOWARD MD |
| School District | HOWARD COUNTY PUBLIC SCHOOL SYST |
| Elementary School | LISBON |
| High School | GLENELG |
| Listing VS Median (in 21771) | |
Price: $774,900 low | high Med: $699,900 sqft: 8,566 low | high Med: 2,708 $ / sqft: $90 low | high Med: $269 On site: 165 low | high Med: 27.5 | |
Market Activity 21771
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Learn More About This Property
| State | MD |
|---|---|
| County | HOWARD MD |
| City | MOUNT AIRY |
| Zip Code | 21771 |
| Area | HOWARD MD |
| School District | HOWARD COUNTY PUBLIC SCHOOL SYST |
| Elementary School | LISBON |
| High School | GLENELG |
| Listing VS Median (in 21771) | |
Price: $774,900 low | high Med: $699,900 sqft: 8,566 low | high Med: 2,708 $ / sqft: $90 low | high Med: $269 On site: 165 low | high Med: 27.5 | |
