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About This Home
This 0-bedroom, 0-bathroom residential multi family at 16700 FREDERICK Road in Mount Airy, MD is listed for $774,899 ($90 per sqft). Built in 1900, the home offers 8,566 sqft of living space on a 1.00 acres lot.
**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 wit
h 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**
Key Features
- Built in 1900
- 1.00 acre lot
- 15 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$4,144/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16700 FREDERICK Road
Mount Airy, MD 21771
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 16700 FREDERICK Road is listed at $774,899 ($90/sqft). The estimated monthly payment is $3,358 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 1.00 acre lot, 15 parking spaces, Fireplace.
This property is listed by Vishal P Doddanna and can be reached at 4437189646 or vishal@vidonagroup.com.
