BEDS0
BATHS
SQUARE FEET8,566
MLS#MDHW2067038
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLHOWARD COUNTY PUBLIC SCHOOL SYSTEM
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**
Property Features
Property Type: Multi Unit - Multiple
Cooling: Multi Units, Ceiling Fan(s), Window Unit(s)
Fireplaces: 1
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 1.00 Acres
Roof Type: Architectural Shingle, Flat, Pitched, Rubber
Taxes: $9,711
Year Built: 1900
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 9
Exterior: Frame, Block, Log, Vinyl Siding
Fireplace: Wood, Other
Lot Dimensions: 1.00 Acre(S)
Parking Notes: Asphalt Driveway, Gravel Driveway
Sewer: Other, Shared Septic, Septic Exists, Private Septic T
Structure Type: Other
Three Bedroom Units: 2
Total Garage/Parking Spaces: 15
Two Bedroom Units: 1
Units: 4
Utilities: Natural Gas Available
Water: Private, Well
Local Schools
High School: GLENELG
Middle School: GLENWOOD
Elementary School: LISBON
School District: HOWARD COUNTY PUBLIC SCHOOL SYSTEM
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Centre
Agency Phone: 4103120000
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,759.85 per month $1,724.59 Principal & Interest $809.25 Property Tax $226.01 Homeowner's InsuranceChange Payment Information
16700 Frederick Road | MLS# MDHW2067038
This multi-family property located at 16700 Frederick Road, Mount Airy, MD 21771 is currently listed for sale with an asking price of $774,900. Frederick Road is located within the HOWARD COUNTY PUBLIC SCHOOL SYSTEM school district. Search Mount Airy real estate on www.realtymark.net today.