2820 W Maple RD, Troy, MI 48084
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Realty Executives Home Towne
$ 2,950,000
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2820 W Maple RD Troy, MI 48084

16,600 SqFt


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Key Details

Property Type Commercial

Sub Type RealEstateOnly

Listing Status Active

Purchase Type For Sale

Square Footage 16,600 sqft

Price per Sqft $177

Subdivision Maple View

MLS Listing ID 20261056990

Year Built 1967

Lot Size 1.240 Acres

Acres 1.24

Property Sub-Type RealEstateOnly

Property Description

Outstanding long-term investment or owner-user opportunity in a prime Troy location! This approximately 16,600-square-foot, two-story professional office building is situated on approximately 1.24 acres along highly traveled W. Maple Road, near Coolidge Highway and Birmingham.

The property currently features 47 individual rental units, providing diversified income and flexibility for investors. The building is currently 97 % leased, generating approximately $19,787 in monthly gross revenue, and $237,400 in annual gross income. Annual operating expenses are approximately $84,777 resulting in an estimated net annual income of $152,623.

The multi-tenant configuration offers a variety of suite sizes, making the property well suited for a long-term investor or an owner-user seeking to occupy a portion of the building while continuing to generate rental income from the remaining units. Features include a central lobby, common hallways and restrooms, convenient building access, prominent signage opportunities and ample surface parking.

Strategically located near Birmingham, Somerset Collection, Oakland/Troy Airport and major transportation routes. Excellent opportunity to acquire a well-positioned commercial asset with existing income, value-add potential and long-term appreciation opportunities. Financial information is subject to verification. Buyer and buyer's agent to verify all information.

Location

State MI

County Oakland

Area Area02203Troy

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Troy

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition RealEstateOwned, ShortSaleNo


Realcomp MLS
Listed by Paul Mychalowych of EXP Realty Birmingham

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2820 W Maple RD