$ 4,249,000
-
$4,249,000
Price -
0
Bed -
0
Bath -
15,975
SqFt
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About the Listing 104877 - RC313368
Turnkey investment opportunity in the heart of Clawson! Z on Maple Apartments is a well-maintained 25-unit multifamily asset featuring 24 spacious 2-bedroom units and 1 oversized 3-bedroom unit, with unit sizes ranging from approximately 925–1,200 square feet. The property is currently operating at ~92% occupancy and offers immediate upside through rental increases to market rates. Recent capital improvements include new roofs (within the last 2 years), updated electrical panels, parking lot reseal, and approximately 90% of units renovated over the past decade, minimizing near-term capital expenditures. Tenants enjoy updated interiors with vinyl flooring, granite countertops, modern cabinetry, and on-site laundry, along with ample parking and strong in-place demand. The property benefits from a highly desirable location along Maple Road with convenient access to Troy, Royal Oak, and Birmingham, placing it in one of Metro Detroit's strongest rental corridors. With projected NOI growth and below-market rents compared to surrounding properties, this asset presents a compelling value-add opportunity with strong cash flow and long-term appreciation potential. Sale Includes 8 Townhomes located at 649 W. Maple, adjacent to subject property.
Listing Highlights
Status
Active
Days on Site
37
Property Type
Commercial Sale
MLS ®
60979269
Year Built
19
Total Square Footage
15,975
Lot/Acreage
0.37
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Hot Water
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 15975
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 340 x 167
- Zoning: Commercial
- Roof: Asphalt
- Others:
- Sewer:
Financial Details
- Tax Amount: $28,328
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
629 W Maple Commerce Twp, MI 48017
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