MI > Whitmore Lake > Island Lake Colony Sub
Whitmore Lake, MI 48116,11429 Frey CT
Whitmore Lake, MI 48116,11429 Frey CT
Whitmore Lake, MI 48116,11429 Frey CT
33
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$1,500,000
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17 Baths
12,400 SqFt
Pending

11429 Frey CT Whitmore Lake, MI 48116

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Ron Otto

Ron Otto

+1(989) 370-1245

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Pending

Purchase Type For Rent

Square Footage 12,400 sqft

Subdivision Island Lake Colony Sub

MLS Listing ID 20251038603

Style Cottage

Full Baths 17

Year Built 1965

Lot Size 4.050 Acres

Acres 4.05

Property Sub-Type MultiFamily

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 Area01151Hamburgtwp

Interior

Heating Forced Air, Other Heating Source

Fireplace No

Exterior

Pool None

Utilities Available AboveGroundUtilities, CableAvailable

Waterfront Description AcrosstheRoadWaterFrontage, BeachAccess, BeachFront, DockFacilities, LakeFront, NoMotorLake, PrivateWaterFrontage, Waterfront

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation CrawlSpace, Slab

Sewer Septic Tank

Water Well

New Construction No

Schools

High Schools Pinckney

School District Pinckney

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

Pets Allowed Call

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Michael McClafferty of OakPointe Real Estate Advisors

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Ron Otto

Ron Otto

Agent | License ID: 6501430575

+1(989) 370-1245

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11429 Frey CT

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