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Monthly Estimate*
$ 9,236
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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11429 Frey Court, Whitmore Lake, MI, 48116 is a Multi-Family Home for sale at $1,500,000 with 12,400 sqft and a lot size of 4.05. 11429 Frey Court is a studio with 17.0 baths and was built in 1965. The property's zip code is 48116 which is in Whitmore Lake, MI
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