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22 Baths
20,656 sqft

$4,250,000

425 Donavan Street, South Lyon City Oakland Michigan, 48178

Price per sqft$205.75
Built in1960
Property size20,656 sqft
Property typeMulti-family

Overview

Active

Listed Oct 6, 2026

Updated 5 days ago

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.

$28,275/mo

Est. mortgage payment based on a $4,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261075491

Interior Features

Bathrooms
22
Heating
Yes
Basement
No

Other Property Details

Taxes
$30,531
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of Greater Development LLC

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Originating MLS:
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Data last updated 4:56 AM UTC, 10/7/2026

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