31740 Fraser Dr - Apartments FOR SALE


Fraser, MI 48026
$2,970,000 USD
248-226-1610
31740 Fraser Dr, Fraser, MI for Sale
$2,970,000 USD
Apartments - FOR SALE
1/43
null | 5.45% Cap Rate

31740 Fraser Dr
Fraser, MI 48026


OVERVIEW

? Prime Location: In Fraser, bordering Roseville and Clinton Township ? Value-Add Opportunity: 83% occupied w/ 3 vacant units, offering immediate lease-up upside ? At-Will Reset Upside: 9 of 15 leases month-to-month, priced below market ? Classic Interiors: Hardwood floors, granite countertops, stainless steel appliances ? Highly Accessible: Gratiot Ave & I-696 corridor, minutes from Warren

FOR SALE DETAILS

PRICE

$2,970,000 USD

PRICE/SF

$196 USD /SF

# OF UNITS

18

PRICE/UNIT

$165,000

CAP RATE

5.45%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fraser Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

RH, Fraser

APN/PARCEL ID

03-14-05-302-007

ASK ABOUT THIS PROPERTY

Simon JonnaJonna GroupMore Info
248-226-1610

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Simon JonnaJonna GroupMore Info
248-226-1610

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.