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.

Property Features

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