35
See all 35 photos
$224,900
2 Baths
1,300 SqFt
Open Sun 11:30AM-1:30PM
31709 Grove Fraser, MI 48026
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Open House
Sun Jul 26, 11:30am - 1:30pm
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 1,300 sqft
MLS Listing ID 20261057139
Style Ranch
Full Baths 2
Year Built 1940
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type MultiFamily
Property Description
One of Fraser's most unique investment opportunities is now available! Properties like this rarely come to market, featuring two separate single-family homes on one oversized parcel. In fact, it has been more than two years since a multifamily property has sold on the MLS in Fraser, making this an exceptionally rare opportunity. Whether you're an investor looking for strong cash flow or a buyer interested in house hacking, this unique property offers the flexibility to generate approximately $2,050 per month in potential gross rental income when both homes are leased. The front home offers approximately 700 square feet with 2 bedrooms and 1 full bathroom. It is currently vacant, making it ideal for an owner-occupant or ready to lease immediately. This home will typically rent for approximately $1,200 per month with the use of the detached two-car garage. The rear home features approximately 600 square feet with 1 bedroom and 1 full bathroom. It is currently leased to an excellent month-to-month tenant paying $850 per month, providing immediate rental income while maintaining flexibility for the future. Each home has its own gas, electric, and water meters, making utility management simple and convenient for both owners and tenants. Situated on an incredible 75' x 297' lot (over half an acre), this property offers an expansive backyard and privacy rarely found in Fraser. The oversized lot provides endless possibilities while creating a unique setting for two separate homes on one parcel. Whether you're looking to expand your investment portfolio, offset your mortgage by living in one home while renting the other, or own a truly one-of-a-kind property, opportunities like this don't come around often. The front home is available for showings with an approved appointment. To respect the privacy of the current tenant, the rear home will be shown only after an accepted offer. DO NOT DISTURB TENANT
Location
State MI
County Macomb
Area Area03181Fraser
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Garage
Pool None
View Y/N No
Garage true
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Fraser
Others
Senior Community false
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Yes
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Listed by Shawn Sturdivent of Elementary Homes LLC
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