$ 774,900
-
$774,900
Price -
8
Bed -
6
Bath -
8,566
SqFt -
1
Acre
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About the Listing KWR15 - 144164
***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**
Listing Highlights for 16700 Frederick Rd
Status
Active
Days on Site
212
Property Type
Residential
MLS ®
MDHW2067064
Year Built
1900
Total Square Footage
8,566
Lot/Acreage
1
County
Howard
Neighborhood
None Available
School District
Howard County Public School System
Elementary School
Lisbon
Middle School
Glenwood
High School
Glenelg
Interior Details
- Bedrooms: 8
- Bathrooms: 3 Full / 3 Half
- Appliances:
- Air Cond: Ceiling Fan(s),Window Unit(s),Multi Units
- Heating: Forced Air,Central
- Fireplaces: 1, Flue for Stove,Wood,1 Fireplace
- Floor:
- Above Ground Sq Ft: 8566
- Basement:
- Other: Main Floor Bedrooms: 8
- Water: Private
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 15
- Zoning: Rural Residential, Auto Garage is grandfathered in
- Roof: Architectural Shingle,Rubber,Flat,Pitched
- Others: Good,Average
- Sewer: Other,Septic Exists,Private Septic Tank,Shared Septic
- Parking Features: Gravel Driveway,Asphalt Driveway,Driveway,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,711
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
16700 Frederick Rd Mount Airy, MD 21771
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