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38272 FAIRWAY CT. #122A, BLDG.2 UNIT 43 Clinton Twp, MI 48038
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Key Details
Sold Price $900,000
Property Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $1,500
Subdivision Fern Hill Manor Condo
MLS Listing ID 58031244819
Sold Date 09/09/15
Bedrooms 1
Full Baths 1
HOA Fees $145/mo
HOA Y/N 1
Originating Board MiRealSource
Year Built 1972
Property Description
INVESTMENT OPPORTUNITY. 23 UNITS ARE BEING SOLD AS A PACKAGE. ALL UNITS ARE PRESENTLY LEASED. EACH UNIT IS ONE BEDROOM & ONE BATH UNIT. NET OPERATING INCOME AFTER OPERATING EXPENSES IS $85,000 PER YEAR WHICH IS AN 8.5% CAP RATE.
Location
State MI
County Macomb
Area Clinton Twp
Direction SOUTH OFF CLINTON RIVER, EAST OF GARFIELD
Rooms
Other Rooms Bedroom - Mstr
Kitchen Dishwasher, Disposal, Range/Stove, Refrigerator
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Exterior
Exterior Feature Pool - Common
Pool No
Road Frontage Paved, Private
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Block/Concrete/Masonry,Brick,Vinyl
Schools
School District Chippewa Valley
Others
Tax ID 1120155043
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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