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$1,500,000
-- Bed
17 Baths17 full baths
12,400sqft
11429 Frey Ct, Whitmore Lake, MI 48116
$1,500,000
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Multi Family
Built in 1965
$-- HOA
4.05 acres lot
$121/sq.ft
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.
- Houzeo last checked: 58 Minutes ago
- Listing updated: November 4, 2025 at 8:42 pm
- Listing Provided by: Michael McClafferty (248) 972-7040 DRE #6501421721 | OakPointe Real Estate Advisors (248) 972-7040
- Source: MiRealSource MLS-MI | MLS#: 60938621
Property Details
Status
Pending
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1965
HOA Fees
-
Finished Area
12,400 sqft
Lot Size
4.05 acres lot
Basement Area
- sqft
MLS Name
MiRealSource MLS
MLS Number
60938621
MLS Status
Pending
Days on Market
75
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