16700 FREDERICK ROAD, Mount Airy, Maryland, United States, 21771
774,900
for Sale
43,560
About the property:
**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 Type:
- Mixed Use
- Status:
- for Sale
- Acres:
- 1
- Square Feet:
- 8566
- Heating Type:
- 0
- Directions:
- From 70, Take exit for MD-94 S toward Lisbon. Drive to MD-144 W/Frederick Rd. Turn left onto MD-94 S / Woodbine Rd. At the traffic circle, take the 1st exit onto MD-144 W/Frederick Rd. Home will be on the right. The buildings are numbered 16700, 16706, an
- Is Investment:
- Yes
- Is Land:
- Yes
- Is Multiple:
- Yes
- Is Market:
- Yes
- Is Media:
- Yes
- Is Mix:
- Yes
- Is Unit:
- Yes
- Listing ID:
- MDHW2067066
Rooms
Dimensions
Brokered by:
Keller Williams Realty Centre
Presented By: