• MLS® #: 58031389077
  • 38272 Fairway

  • CLINTON TWP, MI 48038
  • $1,495,000
  • 20000
  • Commercial
  • Office: Re/max First

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.

Essential Information

  • MLS® #58031389077
  • Price$1,495,000
  • Total Sq. Ft20,000
  • Acres0.00
  • Year Built1972
  • TypeCommercial
  • Sub-TypeCommercial, Real Estate Only
  • StatusActive

Community Information

  • Address38272 Fairway
  • Area03111-Clinton Twp
  • SubdivisionFERN HILL MANOR CONDO
  • CityCLINTON TWP
  • CountyMacomb
  • StateMI
  • Zip Code48038

Interior

  • HeatingForced Air

Exterior

  • ExteriorBrick, Vinyl
  • FoundationSlab

Additional Information

  • ZoningResidential

Property Summary -- FERN HILL MANOR CONDO: Located in CLINTON TWP in the 48038 zip code, this home was built in 1972 and is 20,000 square feet with Unknown bedrooms and Unknown bathrooms on 0.00 acres. It has been on the market for 78 days with an original listing price of $1,495,000. 38272 Fairway is part of the School District.

Property Location

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