38
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$699,990
Est. payment /mo
4 Baths
0.72 Acres Lot
Active
57035 Bonne Terre New Hudson, MI 48165
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Lyon Twp
Subdivision Lyon Twp
MLS Listing ID 20251007724
Year Built 1965
Annual Tax Amount $3,400
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions 106 x 244 x 170 x 234
Source Realcomp
Property Description
**Rare Quadplex Investment – Fully Rented with Upside** Here's a rare opportunity to own a fully rented four-unit multifamily property in a high-demand area with low township taxes—perfect for a 1031 exchange. The property has two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, all ranch-style with smart, efficient layouts that make them easy to rent.All units are month-to-month, giving flexibility to adjust rents, make updates, or plan for future redevelopment while maintaining cash flow. Current rents are below market, creating immediate potential to increase income. These units have been meticulously maintained and are in excellent condition, ensuring they remain attractive and easy to rent. Tenants are responsible for electric and snow removal, while the owner covers gas (including energy-efficient boiler) and lawn care, keeping operating costs predictable and cash flow steady.Tenants enjoy private carports, shared laundry, and spacious yards backing to a quiet creek—an uncommon feature that adds appeal. Zoned multifamily, the property may have potential for higher-density redevelopment (subject to township approval), such as adding units or reconfiguring existing structures. This is a turnkey investment with multiple ways to grow value—hold for income, increase rents, or explore redevelopment.*Please do not walk the property without confirmed showings
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Multi-Family
Direction S of Grand River / W of Milford Rd
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Cooling Window Unit(s)
Exterior
Waterfront Description Stream/Creek
View Y/N No
Building
Water Well
Structure Type Vinyl Siding
Schools
School District South Lyon
Others
Tax ID 2104477015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Coldwell Banker Town & Country
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