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$ 2,950,000
Est. payment /mo
New
2820 W Maple Road Troy, MI 48084
16,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 16,600 sqft
Price per Sqft $177
Subdivision Mi
MLS Listing ID 61016998
Annual Tax Amount $27,691
Lot Size 1.240 Acres
Acres 1.24
Lot Dimensions 184X294
Property Sub-Type Commercial/Industrial
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 Troy (63202)
Zoning Commercial
Exterior
Roof Type Asphalt
Building
Foundation Basement
Water Public Water
Structure Type Brick,Log
Others
Ownership Bank Owned
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Birmingham