$1,600,000
11429 frey court, whitmore lake, MI 48116
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.
Waterfront / Water Access
Water Name: hamburg lake
General Information
Price: $1,600,000
Price/SqFt: $129
Status: Active
MLS#: 20251038603
City: brighton
Post Office: whitmore lake
Schools: pinckney
County: Livingston
Subdivision: island lake colony sub
Acres: 4.05
Lot Dimensions: Irregular
Bedrooms:0
Bathrooms:17 (17 full, 0 half)
Size: 12,400 sq.ft.
Acreage: 4.05 est.
Year Built: 1965
Property Type: Multifamily
Style: 1 Story
Features & Room Sizes
Exterior: Vinyl, Wood
Basement: 0
Heating: Forced Air, Other
Heating: Forced Air, Other
Tax, Fees & Legal
Est. Summer Taxes: $1,195
Est. Winter Taxes: $4,693
Est. Winter Taxes: $4,693
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Michael McClafferty of OakPointe Real Estate Advisors, Phone: (248) 972-7040
