425 Donavan Street, South Lyon, MI 48178
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425 Donavan Street, South Lyon, MI 48178
425 Donavan Street, South Lyon, MI 48178
425 Donavan Street, South Lyon, MI 48178
425 Donavan Street, South Lyon, MI 48178
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Mark Vanderwal

Mark Vanderwal

+1(616) 813-9373
$ 3,995,000
Est. payment /mo
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425 Donavan Street South Lyon, MI 48178

22 Baths

UPDATED:

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 Locations

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Mark Vanderwal

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+1(616) 813-9373 | mark@markvanderwal.com

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425 Donavan Street