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$4,249,000
Est. payment /mo
25,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $169
Subdivision Assrs 3 - Clawson
MLS Listing ID 20261019861
Year Built 1958
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type RealEstateOnly
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.
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 Area02201Clawson
Interior
Heating Baseboard, Hot Water
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features ParkingLot
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation Basement, Block, Poured
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Clawson
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition AgentOwned, ShortSaleNo
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©2026 Realcomp II Ltd. Shareholders
Listed by Mark Zawaideh of EXP Z Real Estate
NEARBY SCHOOL & BUSINESS
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