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Lyon Twp,MI 48165
Key Details
Property Type Multi-Family
Sub Type Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 2,072 sqft
Price per Sqft $337
MLS Listing ID 20251007724
Style Ranch
Bedrooms 4
Full Baths 4
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
Property Sub-Type Ranch
Source Realcomp II Ltd
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 Lyon Twp
Zoning Multi-Family
Direction S of Grand River / W of Milford Rd
Interior
Interior Features Laundry Facility,Entrance Foyer
Heating Baseboard
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Exterior Feature Private Entry
Garage Spaces 4.0
Waterfront Description Creek
Roof Type Asphalt
Road Frontage Private,Alley
Garage no
Building
Foundation Crawl
Sewer Septic Tank (Existing)
Water Well (Existing)
Architectural Style Ranch
Level or Stories 1 Story
Structure Type Vinyl
Schools
School District South Lyon
Others
Pets Allowed No
Tax ID 2104477015
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash,Conventional
Rebuilt Year 2010
Listing Terms Cash,Conventional
Financing Cash,Conventional