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USAMIBrightonIsland Lake Colony Sub11429 Frey Court
Back of property featuring a patio and a lawn | Image 1
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$1,600,000

11429 Frey Court, Brighton, MI

Real Estate

For Sale

$--,---,---
01725
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 12400 sqft
Garage No
Taxes $5,888
Days Active 1
Lot Size 
Approx. Age 1965
Avg. Price Per Sqft $129
MLS® Number 20251038603

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number20251038603
Laundry Level
Central VacNo
FireplaceNo
Acreage4.05
Exterior
GarageNo
Approx. Age1965
Basement
Driveway
Garage Spaces
HeatForced Air, Other Heating Source
A/C
Heating Fuel

Extras

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