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11429 Frey Ct Brighton, MI 48116

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For Sale
$1,500,000

Seventeen-unit apartment community with lake frontage and value-add potential.

Lot size:
4.05 Acres

Property Features for 11429 Frey Ct

General Information

Lot size
4.05 Acres

Building Details

Year built
1965

Source: OakPointe Real Estate Advisors Agent Michael McClafferty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lakefront Apartment Community Opportunity

This 17-unit apartment community is situated on approximately four acres with private frontage on Hamburg Lake. The property includes 4 one-bedroom units, 12 two-bedroom units, and 1 three-bedroom unit. Fifteen of the seventeen units are currently occupied. The average monthly rent across the property is $1,015 per unit. The property is offered at a 9.23% in-place capitalization rate.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Brighton
County
Livingston
State
Michigan
Longitude
-83.7625
Latitude
42.54

FAQs

What type of property is this?
Apartment building - Seventeen-unit apartment community with lake frontage and value-add potential.
Where is this apartment building located?
The property is located at 11429 Frey Ct Brighton, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Lakefront property with private frontage on Hamburg Lake.; - 17-unit apartment community with a mix of 1, 2, and 3-bedroom units.; - Value-add opportunity to increase rental income.
More about this property
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