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425 Donovan Street

South Lyon MI 48178

22
20656 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

22 bathrooms
20656 sq. ft. floor area
Multi-Family

Happy sellers in South Lyon

90%
90% of sellers in South Lyon reported that their sale price either exceeded or met their price expectations.

South Lyon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in South Lyon over the last 12 months.

Local market activity for multi families in South Lyon

In the last 12 months, 1 multi family similar to 425 Donovan Street, have been sold.

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