38272 FAIRWAY Court, Clinton Twp, MI 48038 (MLS# 24023740)

38272 FAIRWAY Court, Clinton Twp, MI 48038

$1,520,000

Property Type: Multi Family Lot Size (sq. ft.): 14,979 Status: Sold

Current Price: $1,520,000 List Date: 7/09/2024 Last Modified: 11/22/2024

Overview

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

Listing Details MLS# 24023740

Location Property Info

County: Macomb
Street #: 38272
Street Name: FAIRWAY
Suffix: Court
State: MI
Zip Code: 48038

General Property Info

Lot Measurement: Acres
Lot Square Footage: 14979
Lot Acres: 0.34
Year Built: 1972
New Construction: No
Financial Available: No
Total # Units: 23
# of Diff Unit Floor Plans: Yes
Total # Bldgs: 5
Waterfront: No
School District: Chippewa Valley
Lot Dimensions: No
Road Frontage: 0
Basement: No
Total Parking Spaces: 0

Tax Info

Tax ID #: 16-11-20-155-043
Taxable Value: 24855
SEV: 27000
For Tax Year: 2023
Seller's Annual Property Tax: 1315.36
Tax Year: 2023
Spec Assessment & Ty: $30.00 until 4/2026
Homestead %: 0

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

More Information

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Unit 1

Unit Description: one bed/one bath
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: S/ CLINTON RIVER ROAD
Property Sub-Type: 5+ Units
Area: Macomb County - 50
Municipality: Clinton Charter Twp

Office/Contract Info

Auction or For Sale: For Sale

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;

Lot Description

Sidewalk: Yes

Street Type

Private: Yes

Util Avail at Street

Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

No: Yes

Association Info.

Approx. Assoc Fee: 230
Assoc. Fee Payable: Monthly

Laundry Features

Common Area: Yes

Assoc. Amenities

Laundry: Yes

Exterior Material

Brick: Yes
Vinyl Siding: Yes

Assoc. Fee Incl.

Lawn/Yard Care: Yes
Snow Removal: Yes
Trash: Yes
Water: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Shared Paved: Yes

Substructure

Slab: Yes

Extras

Laundry Facility: Yes

Owner Pays

None: Yes

Possession

Close Of Escrow: Yes

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.