425 Donavan Street
South Lyon, MI 48178 1278
$3,995,000
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.
| Mls #: | 61036388 |
|---|---|
| Asking Price: | $3,995,000 |
| Property Type: | Multi Family |
| Type: | Multi-Family |
| Property Status: | Active |
| Bank Owned: | No |
| Baths Full: | 22 |
| Lavatory: | 0 |
| Square Feet: | 20,656 |
| Waterfront Y/N: | No |
| Town: | South Lyon |
| County: | Oakland |
| ZIP: | 48178 1278 |
| Year Built: | 1960 |
| Total Units: | 20 |
| Area: | South Lyon (63277) |
| Sale/Rent: | For Sale |
| Fireplace Y/N: | No |
| School District: | South Lyon Community Schools |
| Signed Disclosure Y/N: | Yes |
| Lease Y/N: | Yes |
| Contract: | Exclusive Right to Sell |
| Cross Street 1: | Lottie St & N Reese St |
| Lot Size: | Irregular |
| Unit 1 Rent Rate: | $1,437 |
| Unit 2 Rent Rate: | $1,679 |
| Unit 3 Rent Rate: | $1,625 |
| Baths/Lavs Total: | 22 |
| Summer Tax Amount: | 21372 |
| Winter Tax Amount: | 9159 |
| Total Tax Amount: | $30,531 |
| Structure Style: | 2 Story |
| Subj To Short Sale Apprvl: | No |
| Ownership: | Private |
| Full Service Listing Y/N: | Yes |
| Municipality: | South Lyon |
| Source Mls: | MiRealSource |
| Originating Mls: | RealComp |
| 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. |
| Exterior Construction: | Brick, Vinyl Siding |
| Foundation Type: | Slab |
| Fuel Type: | Natural Gas |
| Heating System: | Forced Air |
| Financial Terms: | Cash, Conventional |
| Roads: | Paved Street |
| Water: | Public Water |
| Zoning: | Multi-Family |
| Possession: | At Close |
Listing Courtesy of: Greater Development LLC
Listing Agent: Brady Williams
360-989-5395
21 Kercheval Ste 233 Grosse Pointe Farms, MI 48236
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Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the
Originating MLS as filed with it by its members. The accuracy of all information, regardless of source, is not
guaranteed or warranted. All information should be independently verified.
Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary
information of MiRealSource, Inc. and its shareholders, affiliates and licenses and may not be reproduced or
transmitted in any form or by any means, electronic, or mechanical, including photocopy, recording, scanning or any
information storage and retrieval system, without written permission from MiRealSource, Inc.
MiRealSource data last updated on November 02, 2026 08:19 PM - ET.
Property Last Updated: November 02, 2026 08:19 PM - ET
