Photo 1 of 425 Donavan Street, South Lyon MI

For Sale

425 Donavan StreetSouth Lyon, MI 48178

$3,995,000

Listing courtesy of Greater Development LLC

Beds

Baths

20,656

Sqft

About

This Home

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.

Details

Property Type: Residential Income
Style: Multi Family
Year Built: 1960
Garage Spaces: 0
Heating: Forced Air, Natural Gas
Cooling: None
Annual Taxes: $30,531
MLS #: 20261075491

About South Lyon

A small-town downtown, McHattie Park and South Lyon Community Schools, with plenty of new construction nearby.

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Gallery

Photo 2 of 425 Donavan Street, South Lyon MI

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Listing courtesy of Greater Development LLC. MLS # 20261075491. Information is deemed reliable but not guaranteed and should be independently verified.

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