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31740 Fraser Drive

Fraser, MI 48026
  • $1,795,000
  • STATUS: Active
  • ON SITE: 83 Days
  • ID#: 2210077802
UPDATED: 140 min ago
$1,795,000
  • 0
    BEDS
  • 0.89
    ACRES
  • 18
    BATHS
  • 0
    1/2 BATHS
  • 15,120
    SQFT
  • $119
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:
Zoning:
Multi-Family
Lot Size Dimensions:
291.00X248.00

School Ratings & Info

School District:

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!

Monthly Payment Calculator



© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The BK Agency are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-08T23:56:40.317.
www.thebkagency.com/homes/121493071
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31740 Fraser Drive Fraser, MI 48026

  • Price: $1,795,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 140 min ago
  • ID#: 2210077802
0
Beds
18
Baths
0
½ Baths
0.89
Acres
15,120
SQFT
$119
$/SQFT
1969
Built
Neighborhood:
A/P # 08 Fraser
County:
Macomb
Area:
Fraser
School District:
FRASER
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!
Exterior Features

Architecture Level 2 Story Architecture Style Upper/Lower Apartment Construction Materials Brick Foundation Details Crawl Foundation Features Sump Pump Foundation Materials Brick Lot Size Dimensions 291.00X248.00 Multifamily Parking PavedUnassigned/General Parking Total 30 Pool YN No Porch Type Balcony Road Frontage Feet 291 Road Frontage Type Paved Roof Material Rubber Waterfront YN No

Interior Features

Basement YN No Baths Total 18.00 Cooling Ceiling Fan(S)Central Air Heating Forced Air Heating Fuel Electric Interior Features Cable Available Living Area Source Public Records Room Count 0 Sq Ft Combined 15120 Unit Efficiency Number Of 0 Unit Four Bed Number Of 0 Unit One Bed Number Of 18 Unit Three Bed Number Of 0 Unit Two Bed Number Of 0 Water Heater Fuel Electric

Property Features

Assessment 0 Down Payment Resource YN No Encroachment YN No Exclusions YN No Existing Lease YN No Gross Scheduled Income 153000.00 Income Projection Actual Inventory List YN Yes Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 12750 Net Operating Income 102546.00 Number Of Units Leased 18 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Pets Allowed No Postal City Fraser Protection Period 180 Rent Includes Garbage PickupWater/SewerYard Maintenance Restrictions YN No Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 20682.0000 Tax Amount Winter 1304.0000 Title Private - Owned Total Tax 21986.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 31740 FRASER DR Water Source Municipal Water Year Remodeled 2019 Zone Conform YN Yes Zoning Multi-Family

IDX provided courtesy of Realcomp II Ltd., via Re/Max First and Realcomp, ©2021 Realcomp II Ltd. Shareholders.


© 2021 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than The BK Agency are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2021-12-08T23:56:40.317.
 
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