18530 Masonic

    Fraser, MI 48026
    • $499,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: 218103802
    UPDATED: 46 min ago
    $499,000
    • 0
      BEDS
    • 1.36
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 7,161
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:
    Zoning: Multi-Family
    Lot Size Dimensions: 198.00X300.00

    School Ratings & Info

    School District:

    Description

    Unique 8 unit, private entrances, complex nestled on 1.364 acres, landscaped, mature trees w/ plenty of room to grow! Hands-on pride of ownership, a lot of updating done last 4 yrs incl windows in middle build, upside potential,4 buildings,(2) duplexes,a quadplex w/att. 2 car garage,& additional @1,320 sq.ft. building, one time had heat & electric, glass block windows, now used for storage. City Certs just completed! Zoned RH lends many different possibilities in residential multi-family living,room for more rental units, other use (Fraser Code of Ordinances att/docs), possible split lot. Great location, lined with a small brick condo complex to the East, residential homes to the West and Somerset park across the street, easy access to I94, walking distance to shopping! Hidden gem w/future growth potential & a solid present rent income. Parking just re-sealed w/fresh lined spaces,new/newer appliances in 6 units, Buyer & Buyer broker to verify all infor and square footage, estimates.

    Monthly Payment Calculator

    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-11T10:56:58.977.
    www.knerealty360.com/homes/88778871

    18530 Masonic Fraser, MI 48026

    • Price: $499,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 218103802
    0
    Beds
    8
    Baths
    0
    ½ Baths
    1.36
    Acres
    7,161
    SQFT
    $70
    $/SQFT
    1920
    Built
    Neighborhood:
    Fraser
    County:
    Macomb
    Area:
    Fraser
    School District:
    FRASER
    Property Description
    Unique 8 unit, private entrances, complex nestled on 1.364 acres, landscaped, mature trees w/ plenty of room to grow! Hands-on pride of ownership, a lot of updating done last 4 yrs incl windows in middle build, upside potential,4 buildings,(2) duplexes,a quadplex w/att. 2 car garage,& additional @1,320 sq.ft. building, one time had heat & electric, glass block windows, now used for storage. City Certs just completed! Zoned RH lends many different possibilities in residential multi-family living,room for more rental units, other use (Fraser Code of Ordinances att/docs), possible split lot. Great location, lined with a small brick condo complex to the East, residential homes to the West and Somerset park across the street, easy access to I94, walking distance to shopping! Hidden gem w/future growth potential & a solid present rent income. Parking just re-sealed w/fresh lined spaces,new/newer appliances in 6 units, Buyer & Buyer broker to verify all infor and square footage, estimates.
    Exterior Features

    Architecture Level Other Architecture Style DuplexQuadruplex Construction Materials AluminumBlock/Concrete/MasonryVinyl Exterior Features Awning/Overhang(S)Chimney Cap(S)Outside LightingPrivate Entry Foundation Details BasementSlab Foundation Materials Block Lot Size Dimensions 198.00X300.00 Multifamily Parking GaragesPavedUnassigned/General Pool YN No Porch Type Porch Road Frontage Feet 198 Road Frontage Type Paved Roof Material Asphalt Side Of Street S Waterfront YN No

    Interior Features

    Basement Type CommonUnfinished Basement YN Yes Baths Total 8.00 Cooling Ceiling Fans 2+Window Units 2+ Heating BaseboardHot Water Heating Fuel Natural Gas Interior Features Cable AvailableLaundry FacilityPets Allowed Room Count 0 Sq Ft Combined 7161 Sq Ft Source City Sq Ft Total Basement 1716 Unit Efficiency Number Of 1 Unit One Bed Number Of 4 Unit Three Bed Number Of 0 Unit Two Bed Number Of 3 Water Heater Fuel Natural Gas

    Property Features

    Assessment 0 Encroachment YN No Exclusions YN Yes Gross Scheduled Income 79800.00 Income Projection Actual Land Contract YN No Legal Rental Certified YN Yes Listing Financing CashConventional Monthly Rental Income 6650 Net Operating Income 48308.00 Number Of Units Leased 8 Ownership Status Private OwnedShort Sale - No Percent Homestead Exempt YN No Postal City Fraser Protection Period 180 Rent Includes Garbage PickupSnow RemovalWater/SewerYard Maintenance Settlement City Sewer Sewer-Sanitary Short Sale No Tax Amount Summer 7873.0000 Tax Amount Winter 0.0000 Title Private - Owned Total Tax 7873.0000 Transaction Type Sale Unit Loft Number Of 0 Unparsed Address 18530 MASONIC Water Source Municipal Water Year Remodeled 2015 Zoning Multi-Family

    IDX provided courtesy of Realcomp II Ltd., via Deborah Louzecky, Broker and Realcomp, ©2018 Realcomp II Ltd. Shareholders.
    Copyright 2018 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than KNE Realty 360 are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2018-12-11T10:56:58.977.
     
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    Howell MI, 48843