$1,500,000

11429 Frey Court, Whitmore Lake, MI 48116

  • 17 baths |
  • 12,400 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon4.05acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $121/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Pending
Date Added:
September 22, 2025 at 05:00AM
Listing Office:
OakPointe Real Estate Advisors : 248-972-7040
Listing Agent:
Michael McClafferty : 248-972-7040
MLS ID:
60938621
  • General: Cable/Internet Avail.
  • Heating: Forced AirOther-See Remarks
  • General: Vinyl SidingWood SidingOneCrawlSlab
  • Road/Access: Private Road
  • Originating MLS: MiRealSource
  • School District: Pinckney Community Schools
  • County: Livingston
  • Zoning: SEC 36 T1N R5E BEG AT PT ON C/L HAMBURG RD ALSO W1/8 LINE N89*E 1318.89 FT ALG E/W 1/4 LINE & N 197.23 FT ALG C/L HAMBURG RD TH N 125.02 FT ALG C/L HAMBURG RD TH S89*E 573 FT TH S 125.02 FT TH N89*W 573 FT TO POB. 1.64 AC CORR DESC 2-15-89
  • Water: Private Well
  • Sewer: Septic Tank
  • Source: MiRealSource

This listing courtesy of Michael McClafferty, OakPointe Real Estate Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hawkins Elementary School

8900 Lee Rd, Brighton, MI, 48116

Grades KG-4

0.49 miles away

S

Scranton Middle School

8415 Maltby Rd, Brighton, MI, 48116

Grades 7-8

0.58 miles away

B

Bridge Alternative High School

125 S Church St, Brighton, MI, 48116

Grades 9-12

1.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.