**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**
103 days
|
230
|
5
|
Zillow last checked:
Listing updated:
Listed by:
Vishal Doddanna443-718-9646,
Keller Williams Realty Centre4103120000,
Listing Team: Vidona Group
Source: Bright MLS,MLS#: MDHW2067064
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 6
Full bathrooms: 3
1/2 bathrooms: 3
Main level bathrooms: 6
Main level bedrooms: 8
Basement
Area: 0
Heating
Forced Air, Central, Natural Gas
Cooling
Other, Ceiling Fan(s), Window Unit(s), Multi Units, Electric
Appliances
Included: Gas Water Heater
Laundry: Dryer In Unit, Washer In Unit
Features
Has basement: No
Number of fireplaces: 1
Fireplace features: Flue for Stove, Wood Burning
Interior area
Total structure area: 8,566
Total interior livable area: 8,566 sqft
Finished area above ground: 8,566
Finished area below ground: 0
Property
Parking
Total spaces: 15
Parking features: Gravel, Asphalt, Driveway, Off Street
Uncovered spaces: 15
Accessibility
Accessibility features: None
Features
Levels: Two
Stories: 2
Pool features: None
Lot
Size: 1 Acres
Details
Additional structures: Above Grade, Below Grade
Parcel number: 1404367464
Zoning: RCDEO
Zoning description: Rural Residential, Auto Garage is grandfathered in
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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