12911 FENTON HEIGHTS Boulevard Pending

Fenton,MI 48430

$ 3075000

24 Beds

40 Baths

24984 SqFt


Key Details

Property Type Multi-Family

Sub Type Craftsman

Listing Status Pending

Purchase Type For Sale

Square Footage 24,984 sqft

Price per Sqft $123

MLS Listing ID 20240063777

Style Craftsman

Bedrooms 24

Full Baths 40

Originating Board Realcomp II Ltd

Year Built 1989

Annual Tax Amount $43,877

Lot Size 22.820 Acres

Acres 22.82

Lot Dimensions 204000 x 204000

Property Description

Creekside Heights is a stabilized 24 unit apartment building located in Fenton, MI. 16 of the units are two bedroom two bath (1,100 square feet), 4 units are two bedroom one bath (900 square feet) and 4 of the units are one bedroom one bath (800 square feet). The property sits on 23 acres and is zoned by right to develop and additional 86 units. The property is 100% occupied grossing $28,300 per month.

The property was built in 1989. Two of the buildings are 100% wood siding, and the other has a brick lower level and vinyl siding second level. The roofs are roughly 10 years old. Each unit is separately metered for electricity, so the tenants pick up those bills. There is a water bill back to the tenants, but paid by the landlord. The water and sewer system is through a wastewater treatment facility that is maintained by the owner. The only utility the owner has to pay for is common electric and trash. Each unit has its own washer and dryer for the tenant use (landlord owned) which is a huge amenity compared to what is available in the immediate area. Each unit has its own private entrance. There are 16 private garages that is assigned to tenants, along with a covered parking area for about 11 cars. There are roughly 40 parking spaces for the apartment building.

The three buildings are on 23 acres. The current owner has preliminary plans to develop and build an additional 72 units on the property plus a clubhouse. The buildings are townhome style with individual garages. All of the plans and preliminary drawings are included in the sale of the property.

Location

State MI

County Livingston

Area Tyrone Twp

Zoning Multi-Family

Direction South of Fenton on Denton Rd

Rooms

Basement Partially Finished

Interior

Heating Forced Air,Wall/Floor Furnace

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 24.0

Waterfront no

Road Frontage Paved

Garage yes

Building

Foundation Basement

Sewer Septic Tank (Existing)

Water Well (Existing)

Architectural Style Craftsman

Level or Stories 2 Story

Structure Type Vinyl

Schools

School District Fenton

Others

Pets Allowed Yes

Tax ID 0411200038

Ownership Short Sale - No,Private Owned

Acceptable Financing Cash,Conventional

Rebuilt Year 2020

Listing Terms Cash,Conventional

Financing Cash,Conventional

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