11429 Frey Court new Save Request In-Person Tour Request Virtual Tour
Brighton,MI 48116
Key Details
Property Type Multi-Family
Sub Type Cottage
Listing Status Active
Purchase Type For Sale
Square Footage 12,400 sqft
Price per Sqft $129
Subdivision Island Lake Colony Sub
MLS Listing ID 20251038603
Style Cottage
Bedrooms 17
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 Cottage
Source Realcomp II Ltd
Property Description
Rare opportunity to own lakefront rental housing in Livingston County—an area with steady rental demand and limited multifamily inventory. Situated on approximately four acres with private frontage on Hamburg Lake, this 17-unit apartment community offers long-term investment potential. 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 and one unit down. 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
Zoning Residential
Direction West of Whitmore Lake south of Brighton.
Body of Water Hamburg Lake
Interior
Interior Features Cable Available
Heating Forced Air,Other
Fireplace no
Exterior
Garage Spaces 25.0
Waterfront Description Across the Road Water Frontage,Beach Front,Beach Access,Lake Front,No Motor Lake,Private Water Frontage,Water Front
Water Access Desc Dock Facilities,
Roof Type Asphalt
Road Frontage Gravel,Private
Garage no
Private Pool No
Building
Foundation Crawl,Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Architectural Style Cottage
Level or Stories 1 Story
Structure Type Vinyl,Wood
Schools
School District Pinckney
Others
Pets Allowed Yes
Tax ID 1536100082
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional