57035 Bonne Terre, Lyon Charter Township, Michigan 48165
$699,990
Property Details
- MLS#: 20251007724
- Bedrooms: N/A
- Bathrooms: 4
- Square Feet: 2,072
- Price per Sqft: $338
- Lot Size: 0.72 acres
- Year Built: 1965
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 213
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
This property is located in Lyon Charter Township, Michigan. Lyon Charter Township is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 57035 Bonne Terre?
57035 Bonne Terre is listed at $699,990, or $338 per square foot.
How many bedrooms does 57035 Bonne Terre have?
This property has N/A bedrooms and 4 bathrooms, with 2,072 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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