2820 W Maple Road, Troy, MI 48084
- $2,950,000
- 16,600
- SqFt
- List Price
- $2,950,000
- Status
- ACTIVE
- MLS#
- 61016998
- Days on Market
- 2
- Acres
- 1.24
- Living Area
- 16,600
- Municipality
- Troy
- Region
- Troy
- Township
- Troy
- Subdivision
- Maple View
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.
Additional Information
- Lot Dimensions
- 184 x 294
- Foundation
- Basement
- Water
- Public
Mortgage Calculator
Listing Courtesy of EXP Realty Birmingham, Office Phone: 248-686-0024
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.