629 W Maple Road, Commerce Twp, MI 48017
sale
$4,249,000
|
Other
Courtesy Of eXp Realty LLC
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.
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Floors: 2
- Legal Description: T2N, R11E, SEC 33 ASSESSOR'S PLAT NO 3 PART OF LOT 15 BEG AT PT DIST N 89-49-00 W 13 FT FROM NE LOT COR, TH S 00-01-00 W 182.06 FT, TH N 89-49-00 W 92.84 FT, TH N 00-01-00 E 182.06 FT, TH S 89-49-00 E 92.84 FT TO BEG 4-19-04 FR 014
- MLSID: 20261019861
- Roof Type: Asphalt
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