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
Bedrooms-- Baths22.0 Sq 20,656

Monthly Estimate*

$ 29,354

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425 Donavan Street, South Lyon, MI 48178 - Image 15

Multi-Family Home for sale in South Lyon, MI

for $4,250,000 with 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

Full Bath

22

Property Type

Multi-Family

Taxes

$ 30,531

Style

Year Built

1960

Town/City

South Lyon

County/Region

Oakland

MLS | Web ID

61036388

Features
General
Heating Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 22
Half Baths 0
Bathrooms 22
Year Built 1960
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 275412
Ownership Private
Municipality South Lyon
Zoning Multi-Family
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area South Lyon (63277)
Primary City South Lyon
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 South Lyon
School District South Lyon Community Schools
Financial Terms Cash Conventional
Legal Description Legal description to be provided by title company/seller.
DOM 0
Postal Code 48178
Price Per Sq Ft Total AG 205.75
Public Remarks Fully stabilized 20-unit townhome community in South Lyon built in 1960 across five buildings totaling approximately 20
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Exterior
Exterior Brick Vinyl Siding
Lot Dimensions Irregular
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 20
Fuel Type Natural Gas
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* Excluded Features
List By
Brady Williams

Listing Agent

Greater Development Llc

Broker

brady@greaterdevelopment.net

Email

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
1245844 Elementary School
1245851 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2026$4,250,000 Listed Price

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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 22.0 baths and was built in 1960. The property's zip code is 48178 which is in South Lyon, MI