Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
8,566
***Live for free while your tenants pay off the property!*** The Mt. Airy Investment Portfolio at 16700–16708 Frederick Road (Route 144) offers a rare opportunity for an owner-occupant: live in one of the residential units and let the other income-producing units cover your mortgage, with projected positive cash flow of $450–$800+/month depending on which unit you call home. Special owner-occupant financing is available for well-qualified buyers, terms not available elsewhere. Ask us for the details. The assemblage includes a single-family residence, a residential duplex, and a commercial auto repair shop with garage and gravel lot, all 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. Rents across all units are materially below market, offering at least $20,400 in annual upside on lease rollover. The residential tenants are on month-to-month renewals, so new rents can be set soon, and the commercial auto garage lease runs through March 2027. This is a strong fit for a buyer who wants to live in their investment, as well as for investors seeking small-balance mixed-use property in a growing suburban Maryland market. Cash flow is based on projected market rents. **Tenant Items have been digitally removed**
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Above Grade Finished Area
8566.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Multi Units, Ceiling Fan(s), Window Unit(s), Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Frame, Block, Log, Vinyl Siding
-
Parking
Asphalt, Gravel, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.0
-
Lot Size(square feet)
43,560
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Other
Price
-
Sales Price
$774,899
-
Tax Amount
$9,711
-
Zoning
Rural Residential, Auto Garage is grandfathered in
-
Sq. Footage
8,566
-
Price/SqFt
$90
HOA
-
Association
N/A
-
Total Monthly Fees
true
School District
-
Elementary School
LISBON
-
Middle School
GLENWOOD
-
High School
GLENELG
Property Features
-
New Construction
NO
-
Foundation Details
Block
-
Sewer
Septic Tank, Other, Shared Septic
-
Water Source
Private, Well
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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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Salesperson, Realtor
Michelle Jones
Call Michelle today to schedule a private showing.
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