38272 Fairway $1,495,000

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    38272 Fairway Clinton Township, MI 48038

    • 20,000 sq.ft.
    • Commercial Sale
    MLS# 31389077 | Active
    Days On Market: 78 86 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
      • Ownership Private
      • County Macomb
      • Area Municipality Clinton Twp (50011)
      • Acreage 0
      • Waterfront Y/N No
      • Subdivision Fern Hill Manor Condo
      • Zoning Residential
      • Year Built 1972
      • Originating MLS MI Real Source
    • Building Features
      • Fuel Type Natural Gas
      • Heating System Forced Air
      • Cooling System Ceiling Fan(s), Central A/C
      • Exterior Construction Brick, Vinyl Siding
      • Foundation Type Slab
    • Property Features
      • Water Public Water
      • Sewer Septic Public Sanitary
      • Roads City/County, Paved Street
      • Parking Off Street,Parking Lot
      • Lot Size 0x0

    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

    $210,000 Median Sales Price
    36 Homes Sold
    102 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
        7/30/2019 1:35:00 PM New in Database Source

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