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38272 Fairway $1,495,000

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38272 Fairway Clinton Township, MI 48038

  • 1 Beds
  • 1 Baths
  • 740 sq.ft.
  • Condo
MLS# 31388332 | Active

$1,495,000

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Days On Market: 31 34 Views
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Property Details

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.

  • General Features
    • Zoning Residential
    • Year Built 1972
    • Waterfront Y/N No
    • Subdivision Fern Hill Manor Condo
    • Structure Style More than 2 Stories
    • Ownership Private
    • County Macomb
    • Association Fee Y/N Yes
    • Area Municipality Clinton Twp (50011)
    • Acreage 0
    • Originating MLS MiRealSource
  • Building Features
    • Appliances Dishwasher, Disposal, Intercom, Range/Oven, Refrigerator
    • Interior Features Cable/Internet Avail.
    • Heating System Forced Air
    • Foundation Type Slab
    • Exterior Features Exterior Balcony, Inground Pool, Sidewalks
    • Exterior Construction Brick, Vinyl Siding
    • Dining Kitchen Eat-In Kitchen
    • Cooling System Ceiling Fan(s), Central A/C
    • Bath Descriptions First Flr Full Bathroom
  • Property Features
    • Roads City/County, Paved Street
    • Parking Unassigned/General
    • Lot Size 0x0
    • Water Public Water
    • Sewer Septic Public Sanitary
  • Schools
    • School District Chippewa Valley Schools

Contact

Thom Kuchulan

Sales Associate

RE/MAX First

Office: 586-773-4400

Neighborhood

48038 (Clinton Township) Demographics

45Median Age
3,856Population Density (per sq. mile)
38%College Educated
$53,707 Estimated Median Income
12,338Estimated Total Home Owners
7,179Estimated Total Renters
63% / 37%Estimated Owner / Renter Divide
3Estimated Average Household Size
42,287Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$227,000 Median Sales Price
37 Homes Sold
94 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,495,000
      7/24/2019 9:34:00 AM New in Database Source

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      Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.