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Fraser Manor 31740 Fraser Dr 18 Unit Apartment Building $4,114,074 CAD ($228,560 CAD/Unit) 5.45% Cap Rate Fraser, MI 48026
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
? 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
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 700 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-14-05-302-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $942,508 CAD |
Property Taxes
Parcel Number
03-14-05-302-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$942,508 CAD
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Fraser Manor | 31740 Fraser Dr
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