16708 FREDERICK RD MOUNT AIRY MD 21771
Mt. Airy Investment Portfolio - Mixed-use assemblage comprising four income-producing units
Marketing description
**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**
Investment highlights
- Mixed-use portfolio with diversified income — residential and commercial tenancy under single ownership
- 100% occupied, four units generating $74,160/yr gross rental income
- Below-market rents across all units — minimum $20,400/yr upside through mark-to-market adjustments
- Auto repair shop lease expired March 2026 — tenant on month-to-month, rent reset available immediately from $1,800/mo to est. $2,500/mo (39% increase)
- Garage currently at $7.85 PSF vs. ~$15.00 PSF market rate — significant repricing opportunity
- Unmonetized gravel parking lot — new revenue stream
- Three residential units 15-22% below market — $12,000/yr incremental on lease turnover
- Clear path from $74,160 current to $94,560+ stabilized (before garage/lot upside)
- Mt. Airy, MD — Howard County, I-70 corridor, strong demographics
- Active listing — on market now
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