15
See all 15 photos
$4,250,000
Est. payment /mo
22 Baths
20,656 SqFt
Active
425 Donavan ST South Lyon, MI 48178
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 20,656 sqft
Price per Sqft $205
MLS Listing ID 20261075491
Style Townhouse
Full Baths 22
Year Built 1960
Property Sub-Type MultiFamily
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 Area02212Southlyon
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
School District South Lyon
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Brady Williams of Greater Development LLC
NEARBY SCHOOL & BUSINESS
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