UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Rent
Square Footage 2,072 sqft
MLS Listing ID 20251007724
Style Ranch
Full Baths 4
Year Built 1965
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type MultiFamily
Property Description
All units are month-to-month, giving flexibility to adjust rents, make updates, or plan for future redevelopment while maintaining cash flow. Current rents are below market, creating immediate potential to increase income.
These units have been meticulously maintained and are in excellent condition, ensuring they remain attractive and easy to rent. Tenants are responsible for electric and snow removal, while the owner covers gas (including energy-efficient boiler) and lawn care, keeping operating costs predictable and cash flow steady.
Tenants enjoy private carports, shared laundry, and spacious yards backing to a quiet creek—an uncommon feature that adds appeal. Zoned multifamily, the property may have potential for higher-density redevelopment (subject to township approval), such as adding units or reconfiguring existing structures.
This is a turnkey investment with multiple ways to grow value—hold for income, increase rents, or explore redevelopment.
*Please do not walk the property without confirmed showings
Location
State MI
County Oakland
Area Area02211Lyontwp
Interior
Interior Features EntranceFoyer
Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry CommonArea, LaundryRoom
Exterior
Exterior Feature PrivateEntrance
Parking Features Paved, Carport, SharedDriveway
Pool None
Waterfront Description Creek
View Y/N No
Roof Type Asphalt
Garage false
Building
Foundation CrawlSpace
Sewer Septic Tank
Water Well
New Construction No
Schools
High Schools South Lyon
School District South Lyon
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed No
Get More Information
Team Mac
Broker Associate | License ID: 6501363348
Broker Associate License ID: 6501363348