Courtesy: Greater Development LLC
Brady Williams
360-989-5395
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.
South Lyon is located in Michigan. South Lyon, Michigan has a population of 11,786. South Lyon is less family-centric than the surrounding county with 29.43% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in South Lyon, Michigan is $79,345. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in South Lyon is 43.8 years.
The average high temperature in July is 81.8 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 34.8 inches per year, with 41.5 inches of snow per year.
