Apartment Building

South Lyon, MI Apartment Buildings for Sale

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20-Unit Apartment Community
Updated: Sep 18
20-Unit Apartment Community

425 Donovan St, South Lyon, MI 48178

$3,995,000
20,656 sqft
20 units in five buildings totaling 20,656 SF
Unit mix: 12 two‑bedroom/one‑bath units at 975 SF; six three‑bedroom/one‑bath at 1,125 SF; two three‑bedroom/two‑bath at 1,079 SF
40 on‑site parking spaces; each residence has a private exterior entrance
Individually metered electric and gas; tenants pay those utilities directly
97% occupied, with 19 of 20 units leased
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in South Lyon, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Three-Story Apartment Building
Three-Story Apartment Building

430 N Adams Street, Ypsilanti, MI 48197

$385,000
3,400 sqft 0.10 AC lot

Colonial multifamily property with hardwood finishes, open living areas, and a private garage assigned to Unit 1.

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Downtown Multifamily Building
Downtown Multifamily Building

417 W Liberty St, Ann Arbor, MI 48103

$2,000,000
5,776 sqft

Built in 1962, this 8-unit multifamily property includes 12 parking spaces and is zoned R4C.

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Four-Story Apartment Building
Four-Story Apartment Building

829 Tappan Ave, Ann Arbor, MI 48104

$15,000,000
32,675 sqft

Four-story apartment property with multiple floor plans and on-site parking.

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Vacant Multifamily Investment Opportunity
Vacant Multifamily Investment Opportunity

831 Green Road, Ypsilanti, MI 48198

Contact for pricing
168,720 sqft

168-unit multifamily property in Ann Arbor/Ypsilanti submarket.

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South Lyon, MI Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in South Lyon, MI on our real estate platform. These investment opportunities span a total of 20,656 square feet of properties for sale, with an estimated market value of $3,995,000.

Sale prices for apartment complexes in South Lyon, MI average $3,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 37K
Population Growth (5Y) +8.7%
Median Household Income $130,781
College Educated 75.4%

Taxes & Financing

Tax Rate (average for all types) 3.85%
Property Tax per SF $60.61 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

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