Clinton Twp, MI 48038,38272 FAIRWAY
$1,215,000
$1,495,000
18.7%
Est.Price: ?

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20,000 SqFt

38272 FAIRWAY Clinton Twp, MI 48038

Est. payment /mo
SOLD DATE : 12/09/2019

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Key Details

Sold Price $1,215,000

Property Type Commercial

Sub Type Commercial,Real Estate Only

Listing Status Sold

Purchase Type For Sale

Square Footage 20,000 sqft

Price per Sqft $60

Subdivision Fern Hill Manor Condo

MLS Listing ID 58031389077

Sold Date 12/09/19

Originating Board MiRealSource

Year Built 1972

Annual Tax Amount $1,054

Property Description

Don't let this Investment Opportunity get away! This is being sold as an Investment Package Deal consisting of 23 one bedroom / one bath condos at Fern Hill Manor Condominiums. Next door to the Fern Hill Golf Course! All 23 units are currently leased & tenant occupied. Most of the 23 units have been updated and include: stove, refrigerator, built-in dishwasher & disposal. HOA covers water, cooking gas, grass, snow & exterior maintenance. Tenants pay for heat/gas, electric/central air & renters insurance. (Gross Rents $182,040.00 / Total Expenses $82,345.00 / NOI $99,695.00) See attached Exhibit "A" for Long Legal Description & all 23 parcel #'s and addresses & unit #'s.

Location

State MI

County Macomb

Area Clinton Twp

Zoning Residential

Direction Garfield to Clinton River Road to Fern Hill Manor Condos

Interior

Hot Water Natural Gas

Heating Forced Air

Heat Source Natural Gas

Exterior

Waterfront no

Road Frontage Paved

Building

Foundation Slab

Sewer Sewer-Sanitary

Water Municipal Water

Structure Type Brick,Vinyl

Others

Tax ID 1120155043

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Full Service

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Realcomp MLS
Listed by Thomas Kuchulan of RE/MAX First
Bought with NON MLS Member

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Dylan Tanaka

Broker Associate | License ID: 6506046373

+1(248) 609-3030

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