Investment Overview
Investment Opportunity- Wellington Heights Condominiums | Clinton Township, Portfolio of four fully occupied condominium units located in the Wellington Heights community of Clinton Township. Most units have benefited from recent capital improvements, including new HVAC systems, hot water heaters, carpeting, interior paint, and other updates. The portfolio features a long history of stable rental income, with certain units currently leased at below-market rental rates, presenting an opportunity for future income growth. Recent comparable sales within the complex support the individual unit valuations.
Investment Highlights
- 38553 Wellington- 2 Bedroom 1 Bath- 1,040 SF- Upper level Ranch Style
- 38579 Wellington- 2 Bedroom 2 Bath- 1,092 SF -Townhouse Style
- 38619 Wellington- 2 Bedroom, 2 Bath- 1,053 SF- Townhouse Style
- 38645 Wellington- 2 Bedroom, 2 Bath- 1,053 SF- Townhouse Style
- Additional Investment Highlight: The condominium association does not impose restrictions on leasing units, providing flexibility for investors.