Brighton, MI 48116,11429 Frey Court
Brighton, MI 48116,11429 Frey Court
Brighton, MI 48116,11429 Frey Court
33
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$1,600,000
Est. payment /mo
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17 Beds
17 Baths
12,400 SqFt
New

11429 Frey Court Brighton, MI 48116

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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


Realcomp MLS
Listed by Michael McClafferty of OakPointe Real Estate Advisors

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Maria Reyes

Maria Reyes

Team & Area Leader | License ID: 6501350194

+1(248) 943-2250

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11429 Frey Court