3 – Condo Portfolio — photo 1 of 7 — 3 – Condo Portfolio

Retail – Single Tenant—Code AMC-3865

3 – Condo Portfolio

Clinton Twp, MI

Status

Sold

Closed Feb 20, 2025 · Listed Jul 1, 2024

Sale price and cap rate are not disclosed. Property facts are shown as marketed.

Property details

Tenant: 3-Condo Portfolio
Property type: Retail – Single Tenant
Lease type: N/A
Lease guarantee: N/A
Listing code: AMC-3865

Investment highlights

Fully Leased and Stabilized 3 Condo Portfolio in Macomb, MI
8.3%+ Day One Returns

Sale description

AMC Real Estate Investment Services is pleased to offer for sale a fully stabilized and cash-flowing 3-unit condo portfolio located in Clinton Township and Roseville, MI. This investment opportunity features an attractive 8.39% cap rate, providing above-market returns. Each condo is situated in well-maintained communities, ensuring minimal maintenance responsibilities for the landlord as tenants cover utilities and the HOA handles snow removal, landscaping, and other common area maintenance. Priced at $310,000, this portfolio includes properties in prime locations, with all units currently leased to thoroughly vetted tenants.

Published Jul 1, 2024. Information is provided by AMC REIS from sources believed reliable; buyers should verify all figures in the offering memorandum.