15
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$3,995,000
Est. payment /mo
22 Baths
20,656 SqFt
Price Dropped by $255K
425 Donavan Street South Lyon, MI 48178 1278
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 20,656 sqft
Price per Sqft $193
Subdivision Mi
MLS Listing ID 61036388
Style 2 Story
Full Baths 22
Year Built 1960
Annual Tax Amount $30,531
Lot Dimensions Irregular
Property Sub-Type Multi-Family
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
Area South Lyon (63277)
Zoning Multi-Family
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Story 2 Story
Foundation Slab
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District South Lyon Community Schools
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Greater Development LLC
Nearby Locations
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