$1,500,000
PENDING $100K PRICE DROP

11429 Frey Ct Whitmore Lake, MI 48189

Estimated payment $8,342/month

Total Views 6,693
31 Beds
17 Baths
12,400 Sq Ft
$121 Price per Sq Ft

Highlights

  • Private Waterfront
  • 4.05 Acre Lot
  • 1-Story Property
  • Dock Facilities
  • Cottage
  • Forced Air Heating System

About This Home

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.

Listing Agent

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 09/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 4.05 Acre Lot
  • Private Waterfront
  • Beach Front
  • 55 Feet of Waterfront
  • Lake Front
  • Property fronts a private road

Parking

  • 25 Parking Spaces

Home Design

  • Cottage
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 17 Full Bathrooms
  • 12,400 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Outdoor Features

  • Dock Facilities

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1536100082

Community Details

Overview

  • 17 Units
  • Island Lake Colony Sub Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,888

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Cottage
  • Architecture Level: 1 Story
  • Year Built: 1965
  • State Equalized Value: 219650.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 17.00
  • Full Bathrooms: 17
  • Total Sq Ft: 12400

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Hamburg Lake
  • Waterfront: Yes
  • Foundation Details: Crawl, Slab
  • Construction Materials: Vinyl, Wood
  • Road Frontage Type: Gravel, Private
  • Water Frontage Feet: 55.00
  • Waterfront Description: Across the Road Water Frontage, Beach Front, Beach Access, Lake Front, No Motor Lake, Private Water Frontage, Water Front

Garage/Parking

  • Total Parking Spaces: 25

Utilities

  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Lot Info

  • Lot Size Area: 4.05
  • Lot Dimensions: Irregular
  • Parcel Number: 1536100082
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection, Water
  • Monthly Rental Income: 15217

Tax Info

  • Tax Amount Summer: 1195.0000
  • Tax Amount Winter: 4693.0000
  • Total Tax: 5888.0000
  • Taxable Value: 132622.0000

Multi Family

  • Waterfront Features: Dock Facilities, ACRFRT
  • Gross Scheduled Income: 182614.08
  • Number Of Units Total: 17

MLS Schools

  • School District: Pinckney

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Pending -- -- --
10/16/2025 10/16/25 Price Changed $1,500,000 -6.3% $121 / Sq Ft
09/22/2025 09/22/25 For Sale $1,600,000 -- $129 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251038603

Realcomp
Michigan Livingston County Whitmore Lake 48189

11429 Frey Ct, Whitmore Lake, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Michael McClafferty
Listing Agent
Michael McClafferty
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OakPointe Real Estate Advisors
(734) 849-3278