Frey Court Apartments
Waterfront Value Add Opportunity
11429 Frey Court, Hamburg Township, MI, 48189
$1,600,000
Price
$94,117
Price Per Unit
12,400
Building SF
8.46%
Cap Rate
17
Number of Units
4.01
Land Acres

  • 17 Units across 9 buildings
  • 12,400 SF NRA
  • 4.05 Acres with 55 ft private lake frontage
  • 88% Occupied
  • Asking Price: $1,600,000
  • Cap Rate: 8.46% in-place
  • Price per Unit: $94,118
  • EST. Loan Proceeds ~$1.22M loan at 6.0%, 25-year amortization
  • Residents enjoy a quiet, rural environment with lakefront amenities while remaining within a short drive to Downtown Ann Arbor (13 miles) and Downtown Brighton (8 miles), two of the region’s strongest rental and employment markets.
  • Hamburg Township offers a peaceful and scenic environment, with access to numerous lakes, parks, and recreational activities. For example, the township is home to the popular Zukey Lake Tavern and the beautiful Brighton State Recreation Area.
  • Residents of Hamburg Township enjoy a rural setting while still being within a short driving distance of major cities like Ann Arbor and Detroit. This proximity to urban centers provides a balance of small-town living with access to city amenities.
  • The property's location in Hamburg Township offers a unique blend of natural beauty, community spirit, and convenience, making it an appealing choice for those seeking a peaceful yet well-connected place to live or invest in commercial real estate.
FOR MORE DETAILS CONTACT
Michael McClafferty
Managing Broker
(248) 972-7040
michael@oakpointeadvisors.com
Lic: 6502432961