Z on Maple Apartments

Available | $4,249,000

Clawson, MI | Units: 25 | Avg Sq Ft: 960 | GRM: 9.86 | DSC: 1.46 | Year 1 ROI: 5.92% | Listing Agent: Greg Coulter

Location

Executive Summary

Z on Maple has 24 two-bedroom / one-bath units each measuring 925 – 1,100 square feet, and 1 three-bedroom / one and one-half bath units measuring 1,200 square feet. It was built in 1958, and is currently operating at 92% physical occupancy. Even more impressive than this asset’s occupancy is the condition of the asset. The recent Cap Ex includes: both roofs within the last 2 years, 90% of the units over the last 10 years, all new electrical panels, parking lot was resealed last year.