MI > Whitmore Lake > Island Lake Colony Sub
Whitmore Lake, MI 48116,11429 Frey CT
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Whitmore Lake, MI 48116,11429 Frey CT
Whitmore Lake, MI 48116,11429 Frey CT
Whitmore Lake, MI 48116,11429 Frey CT
Whitmore Lake, MI 48116,11429 Frey CT
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Tim Sova

Tim Sova

+1(810) 844-2316
$ 1,500,000
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Pending

11429 Frey CT Whitmore Lake, MI 48116

17 Baths

12,400 SqFt

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 Sqft

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 ForcedAir, OtherHeatingSource

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 SepticTank

Water Well

Schools

School District Pinckney

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition ShortSaleNo, Standard

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

Tim Sova

Broker Associate

+1(810) 844-2316

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