CHARIS REALTY GROUP

Other

16700 FREDERICK ROAD

MOUNT AIRY, MD 21771

MLS#: MDHW2067064

$774,900

Status: Active
Listing number: MDHW2067064
Listing provided by: Keller Williams Realty Centre
Listing agent phone: None
Last update: 4 hours ago
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Property

Beds

8

Full Baths

3

1/2 Baths

3

Year Built

1900

Sq.Footage

8,566

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**

Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    3

  • 1/2 Bathrooms

    3

  • Above Grade Finished Area

    8566.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Other, Ceiling Fan(s), Window Unit(s), Multi Units, Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air, Central

  • Main Level Bedrooms

    8

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Frame, Block

  • Parking

    Asphalt, Gravel, Off Street, Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.0

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Other

Price

  • Sales Price

    $774,900

  • Tax Amount

    $9,711

  • Zoning

    Rural Residential, Auto Garage is grandfathered in

  • Sq. Footage

    8, 566

  • Price/SqFt

    $90

HOA

  • Association

    No

School District

  • Elementary School

    LISBON

  • Middle School

    GLENWOOD

  • High School

    GLENELG

Property Features

  • Foundation Details

    Block, Other

  • Senior Community YN

    NO

  • Sewer

    Septic Tank, Other, Shared Septic

  • Water Source

    Private

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Location

County

HOWARD

Elementary School

LISBON

Middle School

GLENWOOD

High School

GLENELG

Listing Courtesy of Vishal P Doddanna , Keller Williams Realty Centre

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Agent Allie Vasquez

AGENT

Allie Vasquez

Call Allie today to schedule a private showing.

(240) 529-5021

allie@charisrealty.com


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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**

16700 FREDERICK ROAD

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