425 Donavan Street South Lyon, MI $ 4,250,000
425 Donavan Street
$ 4,250,000
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425 Donavan Street

South Lyon, MI, 48178
$ 4,250,000
Bedrooms48 Baths22.0 Sq 20,656

Monthly Estimate*

$ 29,354

425 Donavan Street, South Lyon, MI 48178 - Image 1
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425 Donavan Street, South Lyon, MI 48178 - Image 8
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425 Donavan Street, South Lyon, MI 48178 - Image 10
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425 Donavan Street, South Lyon, MI 48178 - Image 12
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425 Donavan Street, South Lyon, MI 48178 - Image 14
425 Donavan Street, South Lyon, MI 48178 - Image 15

Multi-Family Home for sale in South Lyon, MI

for $4,250,000 with 48 bedrooms and 22 full baths. This 20,656 square foot home was built in 1960.

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.

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Multi-Family Active

Price

$ 4,250,000

Bedrooms

48

Full Bath

22

Property Type

Multi-Family

Taxes

$ 30,531

Style

Townhouse

Year Built

1960

Town/City

South Lyon

County/Region

Oakland

MLS | Web ID

20261075491

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Townhouse
Pool Features None
Construction Materials Brick VinylSiding
Pets Allowed Call
Year Built 1960
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 275412.0
Operating Expense 96945.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N N
Full Baths 22
Status Active
Directions From downtown South Lyon head north on N Lafayette St west on Lottie St then south on Donavan St. Property is on the west side of Donavan St north of Abel St.
City SouthLyonCity_Oakland
Disclosures ActualIncome AnnualPropertyOperatingDataAvailable TaxesNotHomesteadExempt
Senior Community Y/N N
High School District SouthLyon
Zoning Description MultiFamily
Number Of Units Total 20
MLS Area Area02212SouthLyon
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 19
Land Lease Y/N N
Tax Annual Amount 30531.0
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 Tenant
Tax Assessed Value 523688
Expected Active Date 2026-10-06
Legal Description Legal description to be provided by title company/seller.
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Exterior
Water Source Public
Total Parking 40.0
Foundation Details Slab
Spa N
Lot Dimensions Irregular
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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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 20656.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 22
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Internal Only
Street Number 1 425
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* Excluded Features
List By
Brady Williams

Listing Agent

Greater Development Llc

Broker

(360) 989-5395

Phone

Affordability Calculator

$31,898
Per Month
92%
8%
0%
Monthly Principal & Interest
$29,354
Monthly Property Taxes
$2,544
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
10/6/2026$4,250,000 Listed Price

Map


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425 Donavan Street, South Lyon, MI, 48178 is a Multi-Family Home for sale at $4,250,000 with 20,656 sqft. 425 Donavan Street has 48 bedrooms, 22.0 baths, and was built in 1960. The property's zip code is 48178 which is in South Lyon, MI