$980,000
$875,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
11.5 Baths
9,182 SqFt
SOLD DATE : 09/30/2022
Key Details
Sold Price $980,000
Property Type Multi-Family
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 9,182 sqft
Price per Sqft $106
Subdivision Twin Pines Condo
MLS Listing ID 20221020964
Sold Date 09/30/22
Style Townhouse
Bedrooms 8
Full Baths 8
Half Baths 7
Originating Board Realcomp II Ltd
Year Built 1978
Annual Tax Amount $13,244
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions 1307x870x1312x939
Property Description
Incredible opportunity to own 8 townhome apartments in Lyon Township. Extremely well maintained and 100% leased, this income opportunity is truly turnkey. What makes it even better is that there is room to build another 4 unit building on the property. Many of the tenants are long term and would like to stay. Each unit has laundry and no shared utilities or mechanicals (except the well) – all separate water heaters, furnace/ac and tenants pay their own utilities. The property is currently on well and septic with municipal water and sewer available at the road. Very nice private, quite setting yet close to I-96 and downtown South Lyon. DO NOT GO ONTO THE PROPERTY OR APPROACH THE TENANTS.
Location
State MI
County Oakland
Area Lyon Twp
Zoning Multi-Family
Direction Grand River to south on Martindale Rd
Interior
Interior Features Laundry Facility
Hot Water Natural Gas
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 23.0
Roof Type Asphalt
Porch Patio
Road Frontage Paved
Garage no
Building
Foundation Crawl, Slab
Sewer Septic Tank (Existing), Sewer at Street
Water Well (Existing), Water at Street
Architectural Style Townhouse
Level or Stories 1 1/2 Story
Structure Type Wood
Schools
School District South Lyon
Others
Pets Allowed Yes
Tax ID 2105252024
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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