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57035 Bonne Terre, Lyon Charter Township, MI 48165
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$699,990
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Home Details for 57035 Bonne Terre
Price
$699,990
Type
Multi Family
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Year Build
1965
Sq. Ft.
2072
Lot Size
0.72
County
Oakland
Basement
Crawl Space
Tax
$3,400.93
MLS®️ Listing#
20251007724
On exitrealty.com
156 days
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*
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- Heating Information
- Baseboard
- Natural Gas
- Water Features
- Private
- Well
- Waterfront and Water Access
- Creek
- Cooling Information
- Window Unit(s)
- House Interior
- Entrance Foyer
- Parking
- Carport
- Basement
- Crawl Space
Listing Courtesy: Coldwell Banker Town & Country - 810-227-1111
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Market statistics compiled from data from Michigan Regional Information Center.
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$699,990
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EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430