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$699,990
Est. payment /mo
4 Baths
0.72 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Municipality Lyon Twp
Subdivision Lyon Twp
MLS Listing ID 20251007724
Year Built 1965
Annual Tax Amount $3,400
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 106 x 244 x 170 x 234
Source Realcomp
Property Description
Rare Quadplex Investment Opportunity – Fully Rented & Ideally Located!Excellent opportunity to own a fully rented 4-unit multifamily property in a high-demand area. This well-maintained community includes two 1-bedroom/1-bath units and two 2-bedroom/1-bath units—all ranch-style homes with smart, efficient layouts. Each unit is on a month-to-month lease, offering flexibility for future rent adjustments or redevelopment. Tenants enjoy private carports, a shared laundry facility, and spacious yards that back to a peaceful creek—a unique and appealing setting. The current owner has been top-notch with ongoing maintenance, ensuring the homes remain clean, functional, and easy to rent. Two tenants are long-term, and thanks to the location and overall condition, rental demand remains strong. Current rents are below market due to long-standing tenant relationships, presenting immediate upside potential for a new owner. Zoned multifamily with the township, the property offers expansion potential, such as adding additional units, increasing density, or reconfiguring existing structures for higher-value use (subject to township approval). With all ranch-style homes and utilities already in place, future development is more accessible and cost-effective. This is a turn-key investment with built-in value-add potential—perfect for both seasoned investors and those looking to grow their portfolio with a reliable, income-producing asset. *Please Do Not Walk this Property Without Showing Confirmation*
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction S of Grand River / W of Milford Rd
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling Window Unit(s)
Exterior
Waterfront Description Stream/Creek
View Y/N No
Building
Water Well
Structure Type Vinyl Siding
Schools
School District South Lyon
Others
Tax ID 2104477015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Coldwell Banker Town & Country