MI > Whitmore Lake
Whitmore Lake, MI 48116,11429 Frey Court
Whitmore Lake, MI 48116,11429 Frey Court
Whitmore Lake, MI 48116,11429 Frey Court
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Found It Team

Found It Team

+1(800) 790-7576
$1,600,000
Est. payment /mo
17 Baths
12,400 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,400 sqft

Price per Sqft $129

MLS Listing ID 60938621

Style 1 Story

Full Baths 17

Year Built 1965

Annual Tax Amount $5,888

Lot Size 4.050 Acres

Acres 4.05

Lot Dimensions Irregular

Property Sub-Type Multi-Family

Property Description

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.

Location

State MI

County Livingston

Area Hamburg Twp (47007)

Zoning Residential

Interior

Interior Features Cable/Internet Avail.

Heating Forced Air, Other-See Remarks

Fireplace No

Exterior

Exterior Feature Vinyl Siding, Wood

Building

Story 1 Story

Foundation Crawl, Slab

Water Private Well

Structure Type Vinyl Siding,Wood

Schools

School District Pinckney Community Schools

Others

Ownership Private

Financing Cash,Conventional

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MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by OakPointe Real Estate Advisors

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11429 Frey Court

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