$2,800,000
SOLD NOV 20, 2024

12911 Fenton Heights Blvd Fenton, MI 48430

40 Beds
40 Baths
24,984 Sq Ft
22.82 Acres

Recently Sold

$112 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • 22.82 Acre Lot
  • Forced Air Heating System
  • Dogs Allowed
  • Craftsman Architecture
  • 24 Car Garage

About This Home

As of November 2024

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.

Last Agent to Sell the Property

Brady Williams

Greater Development LLC License #6501413257 Listed on: 08/27/2024

Last Buyer's Agent

Brady Williams

Greater Development LLC License #6501413257 Listed on: 08/27/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1989 | Remodeled in 2020

Lot Details

  • 22.82 Acre Lot
  • Lot Dimensions are 204000 x 204000

Parking

  • 24 Car Garage

Home Design

  • Craftsman Architecture
  • Brick Foundation
  • Vinyl Construction Material

Interior Spaces

  • 40 Full Bathrooms
  • 24,984 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 0411200038

Community Details

Overview

  • 24 Units

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,877

Year Built

Built in 1989 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Craftsman
  • Architecture Level: 2 Story
  • Year Built: 1989
  • State Equalized Value: 1222300.0000
  • Year Renovated: 2020
  • Pets Allowed: Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 40.00
  • Full Bathrooms: 40
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 24984
  • Total Sq Ft: 24984
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 24

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Wall/Floor Furnace
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Fee Information

  • Operating Expense: 129120.46

Schools

  • School District: Fenton

Lot Info

  • Lot Size Area: 22.82
  • Lot Dimensions: 204000 x 204000
  • Parcel Number: 0411200038
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 28329

Tax Info

  • Tax Amount Summer: 30119.0000
  • Tax Amount Winter: 13758.0000
  • Total Tax: 43877.0000
  • Taxable Value: 1105700.0000

Multi Family

  • Gross Scheduled Income: 339954.60
  • Number Of Units Total: 24
  • Number of One Bedroom Units: 8
  • Number of Two Bedroom Units: 16
  • Number Of Units Leased: 24

MLS Schools

  • School District: Fenton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Nov 13, 2024
Sold by
Creekside At Fenton Heights Llc
Bought by
Creekside Heights Llc
Seller's Agent
Brady Williams
Greater Development LLC
Buyer's Agent
Brady Williams
Greater Development LLC
List Price
$3,075,000
Sold Price
$2,800,000
Premium/Discount to List
-$275,000
-8.94%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.11%
Original Mortgage
$2,212,500
Outstanding Balance
$2,200,195
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$639,825

Purchase Details

Closed on
Nov 16, 2020
Sold by
Fenton Heights Apartments Llc
Bought by
Creekside At Fenton Heights Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2020
Sold by
Fenton Height Apartments Llc
Bought by
Creekside At Fenton Heights Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,840,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2018
Sold by
Gteat Lakes Properties
Bought by
Fenton Heights Apartments

Purchase Details

Closed on
Nov 23, 1999
Sold by
Schafer Gerald F
Bought by
Gerald F Schafer Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Livingston Title Agency
Warranty Deed -- New Title Company Name
Interfamily Deed Transfer -- Amrock Llc
Quit Claim Deed $110,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,212,500 New Conventional
Previous Owner $1,840,000 New Conventional
Previous Owner $1,840,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $1,425 +21.3% $1 / Sq Ft
05/30/2025 05/30/25 Price Changed $1,175 -4.1% $1 / Sq Ft
05/02/2025 05/02/25 Price Changed $1,225 0.0% $1 / Sq Ft
11/20/2024 11/20/24 Sold $2,800,000 -8.9% $112 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $3,075,000 0.0% $123 / Sq Ft
06/01/2021 06/01/21 For Rent $1,050 -- --
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $31,596 $1,105,700 $0 $0
2023 $30,119 $1,222,300 $0 $0
2022 $14,886 $1,014,000 $0 $0
2021 $14,886 $950,000 $0 $0
2020 $14,886 $1,014,000 $0 $0
2019 $14,676 $1,040,100 $0 $0
2018 $14,399 $925,300 $0 $0
2017 $14,182 $925,300 $0 $0
2016 $14,072 $347,100 $0 $0
2014 -- $306,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240063777

Realcomp

APN: 04-11-200-038