1 of 33 - 11429 Frey Court, Whitmore Lake, Michigan Save the listing
2 of 33 - 11429 Frey Court, Whitmore Lake, Michigan
3 of 33 - 11429 Frey Court, Whitmore Lake, Michigan
4 of 33 - 11429 Frey Court, Whitmore Lake, Michigan
5 of 33 - 11429 Frey Court, Whitmore Lake, Michigan
View Gallery Arrow right

11429 Frey Court, Whitmore Lake, Michigan

$1,600,000

Previous Next

17

Baths

12,400

Square feet

4.05

Acres

About 11429 Frey Court

Rare opportunity to own lakefront rental housing in Livingston County. Situated on approximately four acres with private frontage on Hamburg Lake, this 17-unit apartment community offers a tremendous value add opportunity. The property consists of 4 one-bedroom units, 12 two-bedroom units, and 1 three-bedroom unit, with 15 of the 17 units currently occupied. Average monthly rent across the property is $1,015 per unit. At the current income level, the property is offered at a 9.23% in-place capitalization rate. Comparable sales exceed $100,000 per unit. See offering memorandum for more details.

Features of 11429 Frey Court

MLS® # 60938621
Price $1,600,000
Bathrooms 17.00
Full Baths 17
Square Footage 12,400
Acres 4.05
Year Built 1965
Type Multifamily
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 11429 Frey Court
Area Hamburg Twp
Subdivision Island Lake Colony Sub
City Whitmore Lake
County Livingston
State Michigan
Zip Code 48116

Amenities

Is Waterfront Yes
Waterfront Dock/Pier Facility, Lake Frontage, Waterfront
Has Pool No

Interior

Interior Features Cable Internet Available
Heating Forced Air, Other-See Remarks
Fireplace No
Structure Style 1 Story

Exterior

Foundation Crawl, Slab

School Information

District Pinckney Community Schools

Additional Information

Zoning Residential
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeOakPointe Real Estate Advisors

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?