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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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31709 Grove , Fraser, MI 48026
$209,900
Est. Payment: $1,080.88/mo
0 Bed
2 Bath
0 Sqft
Status: active | Days on site: 10
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House 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

Highlights

Listed by Shawn Sturdivent , 586-718-0037 Elementary Homes LLC , 248-850-2030. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.51

HOA Fee

Year Built

1940

County

Macomb

Neighborhood

City of Fraser

School District

Fraser

Listing ID

20261057139

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:
Basement:Slab
Other:Public

Exterior Features

Principal Interest
$1,081
Taxes
$362
HOA
$0

Home Price

$209,900

Loan Details

30 yrs
6.676%

Down Payment

20%
$41,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,080.88

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,080.88 $362.25 $0.00 $1,443.13
Yearly $12,970.55 $4,347.00 $0.00 $17,317.55
Total $389,116.40 $130,410.00 $0.00 $519,526.40
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Fraser, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

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