See all 27 photos
27 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$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
Read Less Info
Listed by Coldwell Banker Town & Country
GET MORE INFORMATION
QUICK SEARCH
- Who You Work With Matters!
- Shopping Interest Rates - The Truth!
- Draft Your Real Estate Bench!
- Starting Your Home Search - Making That First Call!
- Hire A Team That Answers Your Calls!
- Compliance fees - What you need to know!
- Getting To Know The Mortgage Consultant
- Married, But Spouse Has Bad Credit?
- Getting To Know Niki @ Title Connect