$1,215,000
$1,495,000
18.7%For more information regarding the value of a property, please contact us for a free consultation.
20,000 SqFt
SOLD DATE : 12/09/2019
Key Details
Sold Price $1,215,000
Property Type Commercial
Sub Type Commercial,Real Estate Only
Listing Status Sold
Purchase Type For Sale
Square Footage 20,000 sqft
Price per Sqft $60
Subdivision Fern Hill Manor Condo
MLS Listing ID 58031389077
Sold Date 12/09/19
Originating Board MiRealSource
Year Built 1972
Annual Tax Amount $1,054
Property Description
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.
Location
State MI
County Macomb
Area Clinton Twp
Zoning Residential
Direction Garfield to Clinton River Road to Fern Hill Manor Condos
Interior
Hot Water Natural Gas
Heating Forced Air
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved
Building
Foundation Slab
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Brick,Vinyl
Others
Tax ID 1120155043
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Full Service
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