15
See all 15 photos
$4,250,000
Est. payment /mo
22 Baths
New
425 Donavan Street South Lyon, MI 48178
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality South Lyon City
Subdivision South Lyon City
MLS Listing ID 20261075491
Year Built 1960
Annual Tax Amount $30,531
Lot Dimensions Irregular
Source Realcomp
Property Description
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.
Location
State MI
County Oakland
Zoning Multi-Family
Direction From downtown South Lyon, head north on N Lafayette St, west on Lottie St, then south on Donavan St. Property is on the west side of Donavan St, north of Abel St.
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick,Vinyl Siding
Schools
School District South Lyon
Others
Tax ID 80.21.20.353.007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Greater Development LLC
NEARBY SCHOOL & BUSINESS
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