$ 1,500,000
-
$1,500,000
Price -
0
Bed -
17
Bath -
12,400
SqFt
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About the Listing 115113 - 679030
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 Highlights
Status
Pending
Days on Site
88
Property Type
Multi-Family
MLS ®
60938621
Year Built
1965
Total Square Footage
12,400
Lot/Acreage
4.05
County
Livingston
Neighborhood
Island Lake Colony Sub
Area
Hamburg Twp (47007)
School District
Pinckney Community Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 17 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Other-See Remarks
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 12400
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cable/Internet Avail.
- Water: Private Well
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: Irregular
- Zoning: Residential
- Roof:
- Others:
- Sewer: Septic
Financial Details
- Tax Amount: $5,888
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
11429 Frey Whitmore Lake, MI 48116
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