$4,250,000

Multi Family In South Lyon

  • 22 Baths
  • 20,656 Sqft
  • Updated: October 6
  • 1
  • Source:
    MiRealSource  MLS#61036388

About the Property

Fully stabilized 20-unit townhome community in South Lyon, built in 1960 across five buildings totaling approximately 20,656 SF. Unit mix includes 12 two-bedroom/one-bath units (975 SF) and 8 three-bedroom units (6 with one bath at 1,125 SF, 2 with two baths at 1,079 SF), each with its own private exterior entrance and 40 parking spaces on site. Units are individually metered for electric and gas,
Fully stabilized 20-unit townhome community in South Lyon, built in 1960 across five buildings totaling approximately 20,656 SF. Unit mix includes 12 two-bedroom/one-bath units (975 SF) and 8 three-bedroom units (6 with one bath at 1,125 SF, 2 with two baths at 1,079 SF), each with its own private exterior entrance and 40 parking spaces on site. Units are individually metered for electric and gas, which tenants pay directly; ownership covers only water and trash. Forced-air heat and central air throughout. Currently 97% occupied (19 of 20 units leased). Located near downtown South Lyon with convenient access to US-23, roughly 45-55 minutes to Detroit and 25-30 minutes to Ann Arbor, within the highly regarded South Lyon Community Schools district. A rare opportunity to acquire a well-maintained multi-family asset in a tightly held Oakland County submarket.
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  • Property type

    Other

  • Floors

    2

  • Year built

    1960

  • Price/sqft

    $205

Features

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425 Donavan Street, South Lyon, Michigan, United States View on Google Maps
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Greater Development LLC - Grosse Pointe Farms

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Greater Development LLC - Grosse Pointe Farms
Michigan, United States
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4
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2026
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Greater Development LLC - Grosse Pointe Farms
Grosse Pointe Farms, Michigan, United States
View agency profile
Last updated
October 6
First listed
October 6
Listing reference
61036388
Listing status
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