MI > Whitmore Lake
Whitmore Lake, MI 48116,11429 Frey Court
Whitmore Lake, MI 48116,11429 Frey Court
Whitmore Lake, MI 48116,11429 Frey Court
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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Shannon Bagdonas

Shannon Bagdonas

+1(313) 766-8387
$ 1,500,000
Est. payment | /mo

17 Baths

12,400 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

17 Baths

12,400 SqFt

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 $120

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

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
Shannon Bagdonas

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 766-8387

soldbyshannonb@outlook.com

6838 Park Ave, Allen Park, MI, 48101-2036, USA

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11429 Frey Court