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$1,500,000
61 Days On Site
11429 Frey CourtBrighton City, MI 48116
For Sale|Multi Family|Pending
31
Beds
17
Total Baths
17
Full Baths
12,400
SqFt
$121
/SqFt
1965
Built
Subdivision:
ISLAND LAKE COLONY SUB
County:
Livingston
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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.
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Listing Snapshot
Price
$1,500,000
Days On Site
61 Days
Bedrooms
31
Inside Area (SqFt)
12,400 sqft
Total Baths
17
Full Baths
17
Partial Baths
N/A
Lot Size
4.05 Acres
Year Built
1965
MLS® Number
20251038603
Status
Pending
Property Tax
$5,888
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
Recent Activity
| 3 weeks ago | Status changed to Pending | |
| 3 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Price changed to $1,500,000 | |
| 2 months ago | Listing first seen on site |
General Features
Acres
4.05
Cross Street
Hamburg Rd and Old Hamburg Rd
Disclosures
Actual Income, Taxes Not Homestead Exempt
Foundation
Slab
Levels
One
Parking Spaces
25
Pets
Call
Property Sub Type
Multi Family
Sewer
Septic Tank
Special Circumstances
Standard
SqFt Above
12400
Style
Cottage
Utilities
Cable Available
Water Source
PrivateWell
Zoning
Residential
Interior Features
Basement
Crawl Space
Heating
Forced AirOther
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Exterior Features
Construction Details
Vinyl SidingWood Siding
Other Structures
Shed(s)
Pool Features
None
Road Frontage
Private Road
Roof
Asphalt
Waterfront
Yes
Waterfront Features
Waterfront AccessBeach AccessBeach FrontLake FrontWaterfront
Community Features
Financing Terms Available
CashConventional
MLS Area
Area01151HamburgTwp
Roads
Gravel
School District
Pinckney
Schools
School District
Pinckney
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of OakPointe Real Estate Advisors: [email protected]
IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2025 Realcomp II Ltd. Shareholders.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
IDX provided courtesy of Realcomp II Ltd. via RealcompIILtd. Copyright © 2025 Realcomp II Ltd. Shareholders.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.
Neighborhood & Commute
Source: Walkscore
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