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113 W Liberty Street South Lyon, MI $ 398,000
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$ 398,000 Get more info
113 W Liberty Street
$ 398,000
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113 W Liberty Street

South Lyon, MI, 48178
$ 398,000
Baths3.0 Sq 2,500

Monthly Estimate*

$ 2,483

113 W Liberty Street, South Lyon, MI 48178 - Image 1
113 W Liberty Street, South Lyon, MI 48178 - Image 2
113 W Liberty Street, South Lyon, MI 48178 - Image 3
113 W Liberty Street, South Lyon, MI 48178 - Image 4
113 W Liberty Street, South Lyon, MI 48178 - Image 5
113 W Liberty Street, South Lyon, MI 48178 - Image 6
113 W Liberty Street, South Lyon, MI 48178 - Image 7
113 W Liberty Street, South Lyon, MI 48178 - Image 8
113 W Liberty Street, South Lyon, MI 48178 - Image 9
113 W Liberty Street, South Lyon, MI 48178 - Image 10
Studio

Multi-Family Home for sale in South Lyon, MI

for $398,000 with 3 full baths. This 2,500 square foot home was built in 1910 on a lot size of 0.31.

3 units in the heart of downtown South Lyon ready for new owner. These rent ready units have separate gas and electric paid by the tenant. Updates have just been completed and they are going to market for tenants this week. 1 - 3 bedroom unit on the main floor Livingroom & Dining with hardwood floors. Kitchen with granite counters, appliances and LVL flooring. Updated Bathroom & New carpet in bedrooms. 2 - 1 bedrooms upstairs freshly painted, updated bathrooms, include appliances & new LVL flooring in the kitchen. No rent rolls or rental history because these units have just been updated. History on 3 unit building around the corner $1200 for a 1 bedroom and $1500 for a 3 bedroom. No land contracts.

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Multi-Family Active

Price

$ 398,000

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,719

Style

Triplex

Lot Size

0.31

Year Built

1910

Town/City

South Lyon

County/Region

Oakland

MLS | Web ID

20251051611
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas WallFurnace
Utilities CableAvailable
Possession AtClose
Garage Spaces 0.0
Patio/Porch Features Enclosed Porch
Architectural Style Triplex
Pool Features None
Construction Materials WoodSiding
Pets Allowed Call
Year Built 1910
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 3900.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ASSRS 1 - CITY OF SOUTH LYON
Garage Y/N N
Full Baths 3
Status Active
Directions Pontiac Trail to Liberty West
City SouthLyonCity_Oakland
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District SouthLyon
Zoning Description Residential
Number Of Units Total 3
MLS Area Area02211LyonTwp
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 5719.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 93990
Expected Active Date 2025-11-05
Legal Description T1N R7E SEC 30 ASSESSOR'S PLAT NO 1 LOT 54
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2500.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Fencing FencingAllowed
Parking Features ParkingLot OnStreet SharedDriveway
Water Source Public
Total Parking 5.0
Foundation Details Basement Stone
Spa N
Lot Dimensions 66X194.8
Lot Size Acres 0.31
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 113
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* Excluded Features
List By
Stephen Oaks

Listing Agent

Re/Max Classic

Broker

(248) 755-0897

Phone

Affordability Calculator

$2,960
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,483
Monthly Property Taxes
$477
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909515 Elementary School
4909835 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/24/2025$398,000 -0.25% Price Down
11/5/2025$399,000 Listed Price

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113 W Liberty Street, South Lyon, MI, 48178 is a Multi-Family Home for sale at $398,000 with 2,500 sqft and a lot size of 0.31. 113 W Liberty Street is a studio with 3.0 baths and was built in 1910. The property's zip code is 48178 which is in South Lyon, MI

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