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4-Unit Condominium Portfolio
For Sale
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38553 Wellington, Clinton Township, MI 48036

All four residences are leased within the Wellington Heights community.

Property SizeContact for details
Days on Market9

Property Features for 38553 Wellington

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 4
Listing Agency: Lino Realty Inc
Listed By: Robert Drewek · License #6501467522
Source: Crexi
Added: Sep 18 Changed: Sep 24 Last Checked: Sep 26 at 7:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lino Realty Inc

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

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Spa & Massage Center Restaurant Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

396
Businesses Nearby

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

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 $525,000.
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
More about this property
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