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31709 Grove

Fraser, MI 48026
  • $190,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 20261057139
Price Reduced
UPDATED: 237 min ago
$190,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,300
    SQFT
  • $146
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

School District:

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

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[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-15T23:48:27.657.
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31709 Grove Fraser, MI 48026

  • Price: $190,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 237 min ago
  • MLS #: 20261057139
0
Beds
2
Baths
0
½ Baths
0.51
Acres
1,300
SQFT
$146
$/SQFT
1940
Built
Neighborhood:
Fraser (50014)
County:
Macomb
Area:
Fraser (50014)
School District:
Fraser Public Schools
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
Exterior Features

Exterior Construction Brick Foundation Type Slab Lot Size 75X297 Roads Paved Street Structure Style 1 Story Styles Ranch Waterfront YN No

Interior Features

Basement YN No Fireplace YN No Fuel Type Natural Gas Heating System Forced Air

Property Features

Financial Terms CashConventionalFHA For Sale Or Rent For Sale Lease YN Yes Municipality Fraser Municipality Type City Net Operating Income 19600 Ownership Private Property Type Multi-Family SEV 80400 Subject To Short Sale Approval No Summer Tax Amount 4217 Taxable Value 57392 Total Expenses 5000 Total Tax Amount 4347 Unit1 Rent Rate 1200 Unit2 Rent Rate 850 Water Public Water Winter Tax Amount 130 Zoning Residential

Listing courtesy of Elementary Homes LLC : 248-850-2030.

Source MLS: MiRealSource
Originating MLS: Realcomp

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2026 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2026-08-15T23:48:27.657.
 
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