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$4,250,000
2 Days On Site

425 Donavan Street
South Lyon City, MI 48178

For Sale|Multi Family|Active
48
Beds
22
Total Baths
22
Full Baths
20,656
SqFt
$206
/SqFt
1960
Built
County:
Oakland
425 Donavan Street425 Donavan Street425 Donavan Street425 Donavan Street
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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.

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Listing Snapshot
Price 
$4,250,000
Days On Site 
2 Days
Bedrooms 
48
Inside Area (SqFt) 
20,656 sqft
Total Baths 
22
Full Baths 
22
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1960
MLS® Number 
20261075491
Status 
Active
Property Tax 
$30,531
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
3 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Cross Street 
Lottie St & N Reese St
Disclosures 
Actual Income, Annual Property Operating Data Available, Taxes Not Homestead Exempt
Foundation 
Slab
Levels 
Two
Parking Spaces 
40
Pets 
Call
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
20656
Style 
Townhouse
Water Source 
Public
Zoning 
MultiFamily
Interior Features
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
BrickVinyl Siding
Pool Features 
None
Community Features
MLS Area 
Area02212SouthLyon
School District 
SouthLyon
Financing Terms Available 
CashConventional
Roads 
Paved
Schools
School District
SouthLyon
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Greater Development LLC: [email protected]



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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