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$ 4,249,000
Est. payment /mo
Active
629 W Maple Road Commerce Twp, MI
15,975 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,975 sqft
Price per Sqft $265
Municipality Clawson
Subdivision Clawson
MLS Listing ID 20261019861
Year Built 1958
Annual Tax Amount $28,328
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 340 x 167
Source Realcomp
Property Description
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.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Commercial
Direction West of Livernois on the south side of Crooks
Rooms
Basement Basement
Interior
Heating Baseboard, Hot Water
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Brick
Schools
School District Clawson
Others
Tax ID 2033201064
Listed by EXP Z Real Estate
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CJ Johnson
Agent | License ID: 6501457704