Residential Income Property with
13711 Maple Grove Avenue 35, Shelby Twp, MI 48315
For Sale
$268,900
Two-bedroom, two-bath condo offers an open layout, private deck, basement storage, and occupancy at close.
Property Size1,159 SF
Price / SF$232.01
Days on Market54
Property Features for 13711 Maple Grove Avenue 35
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Stories
Listing Agency:
Lacuna Group LLC
Listed By:
Marcus Velzen · License #6501420016
(616) 855-7662
Source:
Lacunare
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 6 at 5:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lacuna Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,159 SF brick end-unit condominium includes 2 bedrooms, 2 bathrooms, and a side-facing 2-car garage. Built in 1992, the home features an open main-level layout with vaulted ceilings, wood flooring in the kitchen, a gas fireplace, and access to a private deck. The kitchen includes appliances, extensive counter space, cabinetry, and a large single-bowl sink.
Recent interior improvements include professional painting and new carpet in the living areas and bedrooms. One bathroom has a newer walk-in tub, while the second includes a shower. The basement adds a recreation room with linoleum flooring, closets, shelving, and additional storage. The property is located at 13711 Maple Grove Avenue 35 in Shelby Twp, Michigan 48315, near shopping, healthcare, and freeways. Occupancy is available at close.
Recent interior improvements include professional painting and new carpet in the living areas and bedrooms. One bathroom has a newer walk-in tub, while the second includes a shower. The basement adds a recreation room with linoleum flooring, closets, shelving, and additional storage. The property is located at 13711 Maple Grove Avenue 35 in Shelby Twp, Michigan 48315, near shopping, healthcare, and freeways. Occupancy is available at close.
Key Highlights
- 1,159 SF brick end‑unit condominium
- 2 bedrooms, 2 bathrooms, and a side‑facing 2‑car garage
- Built in 1992 with professional painting and new carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,884
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,680
$217.7K
Cap Rate 7%
$155,486
$155.5K
Cap Rate 9%
$120,933
$120.9K
Market Conditions
NOI Build-Up for 1,159 SF
Gross rent
$21.3K $18.36/SF
− Vacancy
−$1.5K −$1.29/SF
EGI
$19.8K $17.07/SF
− OpEx
−$8.9K −$7.68/SF
NOI
$10.9K $9.39/SF
Area
Macomb County, MI
Vacancy
7.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,680
Cap Rate 7%
$155,486
Cap Rate 9%
$120,933
Alternative Uses
Best Use
Apartment 5plus
$155.5K
$136.1K – $181.4K
NOI $10,884 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$217.0K
$189.9K – $253.2K
NOI $15,189 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 48315, MI
28,597
Population
11,252
Households
2.5
Avg Household Size
48
Median Age
33%
College-Educated
92%
High-School Grad
12.9 sq mi
ZIP Area
2,217
Density / Sq Mi
$99,512
Median Household Income
$54,587
Median Earnings
$1,181
Median Rent
$357,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Macomb County, MI
Properties on Market for Residential income properties in Macomb County
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath condo offers an open layout, private deck, basement storage, and occupancy at close.
Where is this residential income property located?
The property is located at 13711 Maple Grove Avenue 35 Shelby Twp, MI.
What is the asking price?
The asking price for this property is $268,900.
What are key features of this property?
This property features: 1,159 SF brick end‑unit condominium; 2 bedrooms, 2 bathrooms, and a side‑facing 2‑car garage; Built in 1992 with professional painting and new carpet
