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$ 2,950,000
Est. payment | /mo
16,600 SqFt
$ 2,950,000
Est. payment | /mo
16,600 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,600 sqft
Price per Sqft $177
Municipality City of Troy
Subdivision City Of Troy
MLS Listing ID 20261056990
Year Built 1967
Annual Tax Amount $27,691
Lot Size 1.240 Acres
Acres 1.24
Lot Dimensions 184X294
Source Realcomp
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
Zoning Commercial
Direction MAPLE-15 MILE ROAD JUST EAST OF COOLIDGE ON THE NORTH SIDE
Rooms
Basement Basement
Exterior
View Y/N No
Building
Foundation Block
Water Public
Structure Type Aluminum Siding,Brick
Schools
School District Troy
Others
Tax ID 2029352046
Listed by EXP Realty Birmingham
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