Address
31740 Fraser Drive Fraser, MI
Price
$ 1,795,000
Property Attributes
  • ID#2210077802
  • TypeMulti-Family
  • CountyMACOMB
  • CityFraser
  • AreaFraser
  • NeighborhoodA-P # 08 FRASER
  • Zip48026
  • StyleUpper/Lower Apartment
  • Year Built1969
  • Taxes$ 21986
  • Price$ 1,795,000
  • Bedrooms18
  • Full Bathrooms18
  • Half Bathrooms0
  • Sqr Footage15120
  • Lot Size0.89 Acres
Listing Provided Courtesy Of:
RE/MAX First
Data Source:
RealComp - 83 - MI
Property Description

NO SHOWINGS UNTIL AN ACCEPTABLE OFFER HAS BEEN PRESENTED AND ACCEPTED! NO EXCEPTIONS PLEASE! A Rare Find! 18 units /2 brick apartment buildings w/ 12 units @ 31740 Fraser Dr. & 6 units @ 31735 Linden Ave. All 18 apartments are one-bedroom units. Great location & 100%occupancy! 15,120 square foot brick buildings. Building is consistently 100% occupancy. Almost $450K in improvements include: brand new decking/walkways on both buildings, many new windows, some new furnace/ac units, most, if not all of the units have been upgraded & improved, etc. All apartments have central air, stove, refrigerator, disposals & separate thermostats. Building is all electric & tenants pay for individual electric to their units & owner pays for entry ways & outdoor lighting. All tenants are either on a one-year lease or month to month. New rental rates for 2022 will be $800 per month. Registered, Inspected & Certified as a rental property w/City of Fraser Building Dept. HURRY, HURRY, HURRY!

Price History
9/16/2021 Listed $1,795,000

General Features

Construction Materials Brick
Cooling Ceiling Fan(s), Central Air
Cumulative Days on Market 66
Gross Scheduled Income 153000.00
Heating Forced Air
Listing Agent Public Id 231609
Net Operating Income 102546.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 1405302007
Parking Total 30
Property Type Multifamily
Rent Includes Garbage Pickup, Water/Sewer, Yard Maintenance
School District Fraser
Sewer Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name A/P # 08 FRASER
Terms Offered Cash, Conventional
Total Sq Ft 15120
Transaction Type Sale
Year Built 1969
Year Remodeled 2019
Zoning Multi-Family

Interior Features

Full Baths 18
Heating Fuel Electric
Interior Features Cable Available
Total Baths 18.00
Total Units 18
Unit Count 1

Exterior Features

Architecture Level 2 Story
Architecture Style Upper/Lower Apartment
Foundation Crawl
Foundation Materials Brick
Frontage Feet 291
Lot Size Area 0.89
Lot Size Dimensions 291.00X248.00
Porch Balcony
Roof Material Rubber
Water Source Municipal Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via eXp Realty in Michigan and The Originating MLS(found above), © 2021 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of November 27, 2021 1:31 AM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Multi-Family Average in 48026

Price
AVG $1.8M
$1.8M
Taxes
AVG $21,986
$21,986
Visits
AVG 79
79
Year Built
AVG 1969
1969
Walkscore
AVG 54
54
Data Provided by Walkscore ® not using MLS data

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