57035 Bonne Terre Active Save Request In-Person Tour Request Virtual Tour
New Hudson,MI 48165
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,072 sqft
Price per Sqft $337
Subdivision Mi
MLS Listing ID 60403292
Style 1 Story
Full Baths 4
Year Built 1965
Annual Tax Amount $3,400
Lot Size 0.720 Acres
Property Sub-Type Multi-Family
Property Description
Rare Quadplex Investment Opportunity – Fully Rented & Ideally Located!Excellent opportunity to own a fully rented 4-unit multifamily property in a high-demand area. This well-maintained community includes two 1-bedroom/1-bath units and two 2-bedroom/1-bath units - all ranch-style homes with smart, efficient layouts. Each unit is on a month-to-month lease, offering flexibility for future rent adjustments or redevelopment. Tenants enjoy private carports, a shared laundry facility, and spacious yards that back to a peaceful creek - a unique and appealing setting. The current owner has been top-notch with ongoing maintenance, ensuring the homes remain clean, functional, and easy to rent. Two tenants are long-term, and thanks to the location and overall condition, rental demand remains strong. Current rents are below market due to long-standing tenant relationships, presenting immediate upside potential for a new owner. Zoned multifamily with the township, the property offers expansion potential, such as adding additional units, increasing density, or reconfiguring existing structures for higher-value use (subject to township approval). With all ranch-style homes and utilities already in place, future development is more accessible and cost-effective. This is a turn-key investment with built-in value-add potential - perfect for both seasoned investors and those looking to grow their portfolio with a reliable, income-producing asset. *Please Do Not Walk this Property Without Showing Confirmation*
Location
State MI
County Oakland
Area Lyon Twp (63211)
Zoning Multi-Family
Interior
Heating Baseboard
Cooling Window Unit(s)
Exterior
Exterior Feature Vinyl Siding
Amenities Available Laundry Facility,Private Entry
Building
Story 1 Story
Foundation Crawl
Water Private Well
Structure Type Vinyl Siding
Schools
School District South Lyon Community Schools