12911 FENTON HEIGHTS Boulevard Pending Save Request In-Person Tour Request Virtual Tour
Fenton,MI 48430 2596
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 24,984 sqft
Price per Sqft $123
Subdivision Mi
MLS Listing ID 60334872
Style 2 Story
Full Baths 40
Year Built 1989
Annual Tax Amount $43,877
Lot Size 22.820 Acres
Acres 22.82
Lot Dimensions 204000 x 204000
Property Description
Creekside Heights is a stabilized 24 unit apartment building located in Fenton, MI. 16 of the units are two bedroom two bath (1,100 square feet), 4 units are two bedroom one bath (900 square feet) and 4 of the units are one bedroom one bath (800 square feet). The property sits on 23 acres and is zoned by right to develop and additional 86 units. The property is 100% occupied grossing $28,300 per month. The property was built in 1989. Two of the buildings are 100% wood siding, and the other has a brick lower level and vinyl siding second level. The roofs are roughly 10 years old. Each unit is separately metered for electricity, so the tenants pick up those bills. There is a water bill back to the tenants, but paid by the landlord. The water and sewer system is through a wastewater treatment facility that is maintained by the owner. The only utility the owner has to pay for is common electric and trash. Each unit has its own washer and dryer for the tenant use (landlord owned) which is a huge amenity compared to what is available in the immediate area. Each unit has its own private entrance. There are 16 private garages that is assigned to tenants, along with a covered parking area for about 11 cars. There are roughly 40 parking spaces for the apartment building. The three buildings are on 23 acres. The current owner has preliminary plans to develop and build an additional 72 units on the property plus a clubhouse. The buildings are townhome style with individual garages. All of the plans and preliminary drawings are included in the sale of the property.
Location
State MI
County Livingston
Area Tyrone Twp (47015)
Zoning Multi-Family
Rooms
Basement Partially Finished
Interior
Heating Floor Furnace,Forced Air
Fireplace No
Exterior
Exterior Feature Vinyl Siding
Waterfront No
Building
Story 2 Story
Foundation Basement
Water Private Well
Structure Type Vinyl Siding
Schools
School District Fenton Area Public Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional