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31740 Fraser Dr
Fraser, MI 48026
Fraser Manor · Multifamily Property For Sale · 18 Units

Executive Summary

? 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

Property Facts

Price Per Unit $165,000
Sale Type Investment
Cap Rate 5.45%
Sale Conditions
1031 Exchange
  • REO Sale
No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.89 AC
Building Size 15,120 SF
Average Occupancy 100%
No. Stories 2
Year Built 1969
Parking Ratio 1.65/1,000 SF
Zoning RH, Fraser - Commercial, Multi-Family

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Disposal
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Window Coverings

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 - 700

Property Taxes

Property Taxes

Parcel Number
03-14-05-302-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$679,300
  • Listing ID: 41904729

  • Date on Market: 8/27/2026

  • Last Updated:

  • Address: 31740 Fraser Dr, Fraser, MI 48026

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