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