Property Type:
Multi Family
Lot Size (sq. ft.):
14,979
Status:
Sold
Current Price:
$1,650,000
List Date:
7/09/2024
Last Modified:
11/22/2024
38272 FAIRWAY Court, Clinton Twp, MI 48038
$1,520,000
Description
Great investment opportunity to purchase 23 fully rented one bedroom/one bathroom condos at Fern Hill Manor Condominiums. Most of the units have been updated. Tenants pay for heat/gas, electric/ac. HOA covers water, grass, snow & exterior maintenance. Purchase includes stove, refrigerator and dishwasher. Monthly association fees are $235.00 per unit. There is a monthly assessment of $30.00 per unit until April 2026 that will be assigned to purchaser. BATVAI
More Information MLS# 24023740
Location & Property Info
Cross Streets: S/ CLINTON RIVER ROAD
Property Sub-Type: 5+ Units
Municipality: Clinton Charter Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 0
Financial Available: No
Road Frontage: 0
Waterfront: No
Basement: No
Total # Units: 23
# of Diff Unit Floor Plans: 1
Total # Bldgs: 5
Total Parking Spaces: 0
School District: Chippewa Valley
Lot Measurement: Acres
Lot Square Footage: 14979
Lot Acres: 0.34
Year Built: 1972
Tax Info
Taxable Value: 24855
SEV: 27000
For Tax Year: 2023
Seller's Annual Property Tax: 1315.36
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: $30.00 until 4/2026
Tax ID #: 16-11-20-155-043
Remarks & Misc
Legal: 2005 CONDO FERN HILL MANOR CONDOMINIUM SUB/CONDO PLAN NO. 895 BUILDING 2, UNIT 43 RECORDED ON 1/5/05 IN MCR IN LIBER 16255 P. 864-908 FIRST AMENDMENT RECORDED 1/21/05 IN L. 16316 P. 632 -634 SECOND AMENDMENT RECORDED 3/10/05 IN L. 16467 P. 524 - 541 THIRD AMENDMENT RECORDED 2/01/06 IN L. 17559 P. 661 - 663 SPLIT ON 02/11/2005 FROM 16-11-20-152-007;
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Street Type
Private: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
No: 1
Association Info.
Approx. Assoc Fee: 230
Assoc. Fee Payable: Monthly
Laundry Features
Common Area: 1
Assoc. Amenities
Laundry: 1
Exterior Material
Brick: 1
Vinyl Siding: 1
Assoc. Fee Incl.
Lawn/Yard Care: 1
Snow Removal: 1
Trash: 1
Water: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Shared Paved: 1
Substructure
Slab: 1
Extras
Laundry Facility: 1
Owner Pays
None: 1
Unit 1
Unit Description: one bed/one bath
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Macomb
Street #: 38272
Street Name: FAIRWAY
Suffix: Court
State: MI
Zip Code: 48038
Area: Macomb County - 50
OfficeContract Info
Status: Sold
Current Price: $1,520,000
List Price: $1,650,000
Listing Date: 2024-05-14
Remarks Misc
Directions: Garfield to Clinton River Road to Fern Hill Manor Condos
Status Change Info
Under Contract Date: 2024-10-02
Sold Date: 2024-11-21
Sold Price: $1,520,000
Property Features
Laundry Features: Common Area
Exterior Material: Brick; Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Laundry Facility
Owner Pays: None
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Shared Paved
Street Type: Private
Mineral Rights: No
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office:
Signature Realtors LLC
Listing Agent:
Fadi Zayto
Last Updated: November - 22 - 2024
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
