Sold for $1,500,000

$1,500,000

11429 Frey Ct, Whitmore Lake, MI 48189

31beds

12,400sqft

Multi Family

Built in 1965

-- sqft lot

$1,512,300 Zestimate^®

$121/sqft

$1,402 Estimated rent

Home value

$1,512,300

$1.39M - $1.65M

$1,402/mo

Zestimate^® history

Owner options

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$1,402/mo

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$1,402/mo

Rent Zestimate^®

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$9,434/mo

Est. payment

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$9,434/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 31
Bathrooms: 17
Full bathrooms: 17

Heating

Forced Air, Other Heating Source

Features

Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 12,400 sqft
Finished area above ground: 12,400

Property

Parking

Total spaces: 25

Features

Levels: One
Stories: 1
Pool features: None
On waterfront: Yes
Waterfront features: Acrossthe Road Water Frontage, Beach Access, Beach Front, Dock Facilities, Lake Front, No Motor Lake, Private Water Frontage, Waterfront
Body of water: Hamburg Lake

Lot

Size: 4.05 Acres

Details

Additional structures: Sheds
Parcel number: 1536100082
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Cottage
Property subtype: Multi Family

Materials

Vinyl Siding, Wood Siding
Foundation: Crawl Space, Slab
Roof: Asphalt

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Above Ground Utilities, Cable Available

Community & HOA

Community

Subdivision: ISLAND LAKE COLONY SUB

Location

Region: Whitmore Lake

Financial & listing details

Price per square foot: $121/sqft
Tax assessed value: $132,622
Annual tax amount: $5,888
Date on market: 9/22/2025
Cumulative days on market: 44 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
3/11/2026	Sold	$1,500,000$121/sqft
Source: Realcomp II #20251038603 Report a problem
11/4/2025	Pending sale	$1,500,000$121/sqft
Source: Realcomp II #20251038603 Report a problem
10/16/2025	Price change	$1,500,000-6.3%$121/sqft
Source: Realcomp II #20251038603 Report a problem
9/22/2025	Listed for sale	$1,600,000$129/sqft
Source: Realcomp II #20251038603 Report a problem