MI
Livingston
Brighton City
48116
11429 Frey Court
11429 Frey Court, Brighton City, MI 48116
Share Listing
Listing Type
Multi Family
Listing Status
active
34
$1,600,000

Home Details for 11429 Frey Court

Price
$1,600,000
Type
Residential Income
Bedrooms
31
Bathrooms
17.0
Square feet
12400
Year built
1965
Lot size acres
4.05
County
Livingston
Garage
Basement
Crawl Space
Days on site
2
MLS Listing#
20251038603
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.

Property Features
  • Waterfront and Water Access
    • Waterfront Access
    • Beach Access
    • Beach Front
    • Lake Front
    • Waterfront
  • Heating Information
    • Forced Air
    • Other
  • Water Features
    • Private
    • Well
  • Cooling Information
    • None
  • Utilities
    • Cable Available
  • Basement
    • Crawl Space
Listing Courtesy: OakPointe Real Estate Advisors - 248-972-7040
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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