NOT LISTED FOR SALE

31740 Fraser Dr Fraser, MI 48026

Fraser Area
18 Beds
18 Baths
15,120 Sq Ft
0.89 Acre Lot

Sale Details

Date Sold: December 14, 2021

Last sale price $1,525,000 $101 Per Sq Ft

81 Days on Market

Highlights

  • 0.89 Acre Lot
  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Balcony

About This Home

As of December 2021

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!

Last Agent to Sell the Property

Thom Kuchulan

RE/MAX First License #6502380170 Listed on: 09/16/2021

RE/MAX First

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1969 | Remodeled in 2019

Lot Details

  • 38,768 Sq Ft Lot
  • Lot Dimensions are 291.00x248.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof

Interior Spaces

  • 18 Full Bathrooms
  • 15,120 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Basement

  • Sump Pump
  • Crawl Space

Parking

  • 30 Parking Spaces
  • Paved Parking
  • Unassigned Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 18 Units
  • A/P # 08 Fraser Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1405302007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,986

Year Built

Built in 1969 | Remodeled in 2019

Lot Details

0.89 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1969
  • State Equalized Value: 313800.0000
  • Year Renovated: 2019
  • Foundation Features: Sump Pump
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 18.00
  • Full Bathrooms: 18
  • Total Sq Ft: 15120

Exterior Features

  • Roof Material: Rubber
  • Foundation Details: Crawl
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved, Unassigned/General
  • Total Parking Spaces: 30

Utilities

  • Heating Fuel: Electric
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • Lot Size Area: 0.89
  • Lot Dimensions: 291.00X248.00
  • Parcel Number: 1405302007
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 12750

Tax Info

  • Tax Amount Summer: 20682.0000
  • Tax Amount Winter: 1304.0000
  • Total Tax: 21986.0000
  • Taxable Value: 313177.0000

Multi Family

  • Gross Scheduled Income: 153000.00
  • Number Of Units Total: 18

MLS Schools

  • School District: Fraser

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Fraser, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,525,000 Ata National Title
Blue Star Fraser Manor Llc $670,000 First American Title Insuran
Philadelphia Properties Inc -- First American Title Insuran
Philadelphia Properties Inc $450,000 --
Fraser Manor Llc -- None Available
Pine Creek Village Llc -- None Available
Ega Management Ii Llc $785,000 Philip R Seaver Title Co Inc
Stahl Curtis $635,000 Colonial Title Co
Washburn John $530,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,143,750
Previous Owner Philadelphia Properties Inc $240,000
Previous Owner Ega Management Ii Llc $1,159,988
Previous Owner Ega Management Ii Llc $706,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/14/2021 12/14/21 Sold $1,525,000 -15.0% $101 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $1,795,000 -- $119 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $29,787 $679,300 $0 $0
2025 $28,777 $617,500 $0 $0
2024 $280 $495,800 $0 $0
2023 $26,814 $437,500 $0 $0
2022 $26,133 $392,800 $0 $0
2021 $21,405 $392,800 $0 $0
2020 $20,682 $313,800 $0 $0
2019 $5,179 $204,100 $0 $0
2018 $24,066 $315,700 $0 $0
2017 $0 $298,358 $45,553 $252,805
2016 $18,948 $298,358 $0 $0
2015 -- $298,358 $0 $0
2013 $16,722 $271,954 $0 $0
2011 -- $301,659 $59,121 $242,538
Source: Public Records

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Map

Source: Realcomp

MLS Number: 2210077802

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