About 425 Donavan Street
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 of 425 Donavan Street
| MLS® # | 20261075491 |
|---|---|
| Price | $4,250,000 |
| Bathrooms | 22.00 |
| Full Baths | 22 |
| Square Footage | 20,656 |
| Acres | 0.00 |
| Year Built | 1960 |
| Type | Multifamily |
| Sub-Type | Townhouse |
| Style | Townhouse |
| Status | Active |
Community Information
| Address | 425 Donavan Street |
|---|---|
| Area | 02212 - South Lyon |
| City | South Lyon city |
| County | Oakland |
| State | Michigan |
| Zip Code | 48178 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Brick, Vinyl Siding |
|---|---|
| Foundation | Slab |
School Information
| District | South Lyon |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Greater Development LLC |
|---|---|
| Contact Info | brady@greaterdevelopment.net |