38553 Wellington, Clinton Township, MI 48036

Listing Agency: Lino Realty Inc

Listed By: Robert Drewek · License MI #6501467522 Show Phone

Source: Crexi

Added: Sep 18 Changed: Nov 3 Last Checked: Nov 14 at 5:28AM

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Investment Insights

Based on property information with market context.

This Clinton Township portfolio consists of four condominium units, all currently occupied. Most units have received updates, including HVAC equipment, water heaters, carpeting, and interior paint.

The residences are located in the Wellington Heights community at 38553 Wellington in Clinton Township, Michigan. Certain units have rents below current market levels.

Key Highlights

• Four condominium units offered as a portfolio
• All four units are occupied
• Most units have updated HVAC systems, water heaters, carpeting, and interior paint

Property Analytics

Lease Details

4

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

396

Businesses Nearby

Explore this area Business Placement

Demographics for 48036, MI

22,517

Population

9,855

Households

2.3

Avg Household Size

41

Median Age

22%

College-Educated

93%

High-School Grad

8.3 sq mi

ZIP Area

2,713

Density / Sq Mi

$65,109

Median Household Income

$36,730

Median Earnings

$1,018

Median Rent

$201,000

Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Macomb County, MI

$136 Jul

$120 Aug

$119 Sep

$124 Oct

Properties on Market for Multifamily properties in Macomb County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - All four residences are leased within the Wellington Heights community.

Where is this multifamily property located?

The property is located at 38553 Wellington Clinton Township, MI.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Four condominium units offered as a portfolio; All four units are occupied; Most units have updated HVAC systems, water heaters, carpeting, and interior paint