$774,900
Est. $4,952/mo
Listing Courtesy of Keller Williams Realty Centre
Vishal P Doddanna
4103120000
klrw676@kw.com
Listing data provided by Bright MLS
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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 Details
Property Type
house
Year Built
1900
Lot Size
1 sqft
MLS #
MDHW2067064
Listed
Jan 1, 1970
Features & Amenities
- Forced Air
- Central
- Other
- Ceiling Fan(s)
- Window Unit(s)
- Multi Units
- Gravel Driveway
- Asphalt Driveway
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