38272 FAIRWAY Court Clinton Twp, MI $ 1,725,000
38272 FAIRWAY Court
$ 1,725,000
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38272 FAIRWAY Court

Clinton Twp, MI, 48038
$ 1,725,000
Baths0.0

Monthly Estimate*

$ 11,465

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Studio

Multi-Family Home for sale in Clinton Twp, MI

for $1,725,000. This home was built in 1972 on a lot size of 0.34.

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

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Multi-Family Pending

Price

$ 1,725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,315

Style

5+ Units

Lot Size

0.34

Year Built

1972

Town/City

Clinton Twp

County/Region

Macomb

MLS | Web ID

24023740

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Public Water Available Public Sewer Available Natural Gas Available Electric Available Natural Gas Connected Electric Connected
Possession Close Of Escrow
Roof Composition
Association Fee Includes Trash Snow Removal Water Maintenance Grounds
Construction Materials Vinyl Siding Brick
Year Built 1972
Tenant Pays Electric Gas
Township Clinton Charter Twp
Property SubType 5+ Units
Tax Year 2023
County Macomb
New Construction N
Property Type Multi-Family
HOA / Comm Assn Y
Status Pending
Directions Garfield to Clinton River Road to Fern Hill Manor Condos
City Clinton Twp
High School District Chippewa Valley
NumberOfUnitsTotal 23
MLS Area Macomb County - 50
Lot Size Units Acres
Lot Size Square Feet 14979.0
Waterfront Y/N N
Street Name FAIRWAY
Land Lease Y/N N
Tax Annual Amount 1315.36
Lease Renewal Y/N N
MLS Area Minor Macomb County - 50
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 7
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 24855
Legal Description 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 AM
Senior Community None
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Interior
Basement Slab
Total Fireplaces 5
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Court
Laundry Features Common Area
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Sidewalk
Total Parking 0.0
Lot Size Area 0.34
Number of Buildings 5
Spa N
Lot Dimensions 0
Lot Size Acres 0.34
Road Frontage Type Private Road
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 38272
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* Excluded Features
List By
Signature Realtors Llc

Broker

signaturerealtorsmi@gmail.com

Email

Affordability Calculator

$11,574
Per Month
99%
1%
0%
Monthly Principal & Interest
$11,465
Monthly Property Taxes
$110
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4493010 Elementary School
4493009 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$1,725,000 Listed Price

Map


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38272 FAIRWAY Court, Clinton Twp, MI, 48038 is a Multi-Family Home for sale at $1,725,000 with a lot size of 0.34. 38272 FAIRWAY Court is a studio with 0.0 baths and was built in 1972. The property's zip code is 48038 which is in Clinton Twp, MI